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823-839 S Glendora Ave 7,810 SF 100% Leased Retail Building West Covina, CA 91790 $3,249,281 CAD ($416.04 CAD/SF) 5.25% Cap Rate
Investment Highlights
- The property is a fully leased ±7,810 SF multi-tenant retail center with established tenancy.
- The center is located at a signalized intersection with traffic exceeding ±27,000 cars per day.
- The ±0.97-acre site features on-site parking and planned parking lot improvements.
- The asset operates under NNN leases, providing expense reimbursements from tenants.
- The property includes long-term tenants, supporting consistent occupancy and operations.
- The investment reports approximately $123,780 in annual net operating income at full occupancy.
Executive Summary
823–839 S Glendora Avenue is a ±7,810 square foot multi-tenant retail investment located on approximately 0.97 acres in West Covina, California. The property is 100% occupied and consists of a diverse tenant mix operating under triple-net (NNN) leases, providing structured expense reimbursement. The asset reports an annual net operating income of approximately $123,780 at full occupancy, with a cap rate of ±5.25% and a total asking price of $2,357,729.
Constructed in 1974, the center features long-term tenancy across multiple suites, contributing to operational consistency. The property benefits from strong street visibility along S Glendora Avenue and is positioned at a signalized intersection with traffic counts exceeding ±27,000 vehicles per day.
The site includes a surface parking lot, with a planned parking lot rehabilitation noted for 2026. The investment offers a stabilized retail profile supported by its occupancy, tenant tenure, and NNN lease structure.
Constructed in 1974, the center features long-term tenancy across multiple suites, contributing to operational consistency. The property benefits from strong street visibility along S Glendora Avenue and is positioned at a signalized intersection with traffic counts exceeding ±27,000 vehicles per day.
The site includes a surface parking lot, with a planned parking lot rehabilitation noted for 2026. The investment offers a stabilized retail profile supported by its occupancy, tenant tenure, and NNN lease structure.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
7,810 SF
Building Class
C
Year Built
1974
Price
$3,249,281 CAD
Price Per SF
$416.04 CAD
Cap Rate
5.25%
NOI
$170,586 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.52 AC
Zoning
WCCS* - West Covina Commercial
Parking
25 Spaces (3.77 Spaces per 1,000 SF Leased)
Frontage
175’ on South Glendora Avenue
Amenities
- Signage
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $522,848 CAD | |
| Land Assessment | $145,085 CAD | Total Assessment | $667,933 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$145,085 CAD
Improvements Assessment
$522,848 CAD
Total Assessment
$667,933 CAD
Contacts
-
Brian Melkesian -
Luke Melkesian -
Lee & Associates Commercial Real Estate Services
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823-839 S Glendora Ave
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