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Bldg-6 2900 Palisades Ave

25,921 SF 100% Leased Industrial Building Corona, CA 92880 $8,450,000 ($326/SF) 5.52% Cap Rate

Investment Highlights

  • Rare Blue Chip STNL Industrial Investment
  • High-image Corona Palisades Business Center
  • Excellent access to major highways: 91 Freeway, I-15, and SR-71
  • 4% Annual Increases Effective Q1 2025
  • Central Southern California Gateway Location

Executive Summary

2900 Palisades Dr, Corona, is a high-image, industrial manufacturing facility located in the Corona Palisades Business Center. The building functions as a critical metal fabrication facility for ESL Power Systems, a Corona-based technology company utilizing state-of-the-art processes within advanced dust and debris containment systems. Notable upgrades include a new roof installed in 2022 and enhanced power capacity. At 27% building coverage, potential expansion opportunities subject to city standards may contribute to the property's longevity.
The property is offered as a leased investment, providing a stable income stream for investors and a strong hedge against inflation. The tenant ESL Power Systems, Inc has exercised an early 5-year renewal option demonstrating their commitment to the location. The current lease agreement spans 5+ years and operates under a triple net (NNN) structure.
ESL Power Systems, Inc is leading electrical manufacturer of safety-interlocked, cord-connected solutions since 1995. ESL applies its technical expertise and innovative designs to facilitate the ever expanding needs of the power distribution industry. ESL specializes in developing safety-interlocked solutions that provide safety, reliability, ease of use, and create greater efficiency in operation. Headquartered in Corona, California, ESL serves commercial and industrial markets across the globe.

Property Facts

Price $8,450,000
Price Per SF $326
Sale Type Investment
Cap Rate 5.52%
Property Type Industrial
Property Subtype Manufacturing
Building Class B
Lot Size 2.23 AC
Rentable Building Area 25,921 SF
No. Stories 1
Year Built 2001
Parking Ratio 2.12/1,000 SF
Clear Ceiling Height 24 FT
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 1

Amenities

  • Fenced Lot
  • Skylights
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
102-820-006
Land Assessment
$620,502
Improvements Assessment
$1,881,414
Total Assessment
$2,501,916

zoning

Zoning Code M-4, Corona (Industrial)
M-4, Corona (Industrial)
  • Listing ID: 34325649

  • Date on Market: 12/30/2024

  • Last Updated:

  • Address: 2900 Palisades Ave, Corona, CA 92880

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