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11019 Penrose St

13,300 SF Industrial Building Sun Valley, CA 91352 For Sale 8% Cap Rate

Industrial Properties California Sun Valley 11019 Penrose St, Sun Valley, CA 91352

Investment Highlights

  • 8 CAP with Performing Tenant
  • Two - 5year options
  • 5% annual bumps
  • Tenant in year 2 and paying as agreed

Executive Summary

Investment opportunity. Building is 100% occupied by fully licensed cannabis cultivation and manu (Type-6 cannabis manufacturing and Type-11 cannabis distribution licenses) and manufacturing operation. Building has 2024 City of LA permitted updates and tenant is paying as agreed. Two loading docks, large fully fenced parking lot, refrigeration facilities for possible food production and new HVAC units. Buyer to perform own due diligence. ONLY CALL BROKER for inquiries, including pricing. Do not contact Tenant or Owner.

Attachments

OM - 11019 Penrose St

Property Facts

Sale Type Investment No. Stories 1
Cap Rate 8% Year Built/Renovated 1988/2024
Property Type Industrial Tenancy Single
Property Subtype
Manufacturing
  • Industrial Distribution
 Parking Ratio 1.96/1,000 SF
Building Class C Clear Ceiling Height 16 FT
Lot Size 0.47 AC No. Dock-High Doors/Loading 2
Rentable Building Area 13,300 SF No. Drive In / Grade-Level Doors 2
Sale Type Investment
Cap Rate 8%
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
Building Class C
Lot Size 0.47 AC
Rentable Building Area 13,300 SF
No. Stories 1
Year Built/Renovated 1988/2024
Tenancy Single
Parking Ratio 1.96/1,000 SF
Clear Ceiling Height 16 FT
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 2

Amenities

  • Fenced Lot

Utilities

  • Heating
1 of 1

PROPERTY TAXES

Parcel Number 2408-027-024 Improvements Assessment $1,697,932
Land Assessment $1,804,053 Total Assessment $3,501,985

PROPERTY TAXES

Parcel Number
2408-027-024
Land Assessment
$1,804,053
Improvements Assessment
$1,697,932
Total Assessment
$3,501,985

zoning

Zoning Code M1
M1
(323) 230-0407

Contact

  • Listing ID: 34382878

  • Date on Market: 1/6/2025

  • Last Updated:

  • Address: 11019 Penrose St, Sun Valley, CA 91352

More public record information on 11019 Penrose St, Sun Valley, CA 91352

The Industrial Property at 11019 Penrose St, Sun Valley, CA 91352 is currently available for sale. Contact ICS Real Estate - KW Commercial for more information.

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11019 Penrose St
(323) 230-0407 x

11019 Penrose St

Kathy Partch

(323) 230-0407

(323) 230-0407

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