10232-10234 Glenoaks Blvd 33,458 SF Industrial Building Pacoima, CA 91331 $20,046,251 CAD ($599.15 CAD/SF) 3.27% Cap Rate

For The subject property located at 10232 Glenoaks Boulevard, in the City of Pacoima, is legally described by the assessor’s parcel number: 2528-007-019. According to the Los Angeles County, Office of the Assessor, the subject site is an approximately 2.54 acres lot. There are five (5) associated addresses with this parcel: 10232, 10234, 10238, 10240, and 10248 Glenoaks Boulevard. The subject property is currently occupied by “United Rentals”. The subject property consists of one (1) single-story industrial building. Onsite operations consists of equipment rental and motor repair. In addition to the current structure, the subject property is also improved with an asphalt paved parking and vehicle storage lot. A vehicle washing area was observed on the northwest side of the subject building. According to available historical sources, prior to 1954, the subject property was occupied by residential buildings. From 1967 to 2018, the subject property has been occupied by an industrial building. The immediately surrounding properties consist of industrial development (“FedEx Freight” / 11911 Branford Street) to the north; commercial and industrial developments (Commercial and Industrial / 10235-10267 Glenoaks Boulevard) to the south across Glenoaks Boulevard; commercial / industrial development (10202-10228 Glenoaks Boulevard) to the east; and industrial development (“CA Signs” / 10280 Glenoaks Boulevard) to the west. The adjoining property to the North is listed in the HMIRS, PCS, RCRA-G, HWIS, and UST regulatory database. Based upon information provided by the LACDPW Hydrologic Records Section, the nearest municipal production well is located half a mile to the southwest of the site and is owned by the LADWP (LACDPW #4905K). The well is active, and had a reported depth to groundwater of 251 feet bgs (LACDPW, 2007). Existing Tenant paying $473,550 yearly + ABSOLUTE NNN w/2.5% increases every year. Lease Ends Jan 31, 2029.