269 Pacific St

• Great location nearby Cal Poly Pomona
• Excellent connectivity to 57/71 freeway and I-10
• Small bay industrial with 16' clear height as well as fully fenced and secured yard for storage

This is a well-priced small-bay industrial property. At $306.25 per square foot, it is competitively priced compared to recent industrial sale comps, with the lowest comparable sale at approximately $285 per square foot. The asking price also reflects the property’s location and the added value of its secured yard storage, which remains a highly sought-after feature in today’s local industrial real estate market.

This building is in a great location, with convenient access to three freeways within just a few minutes’ drive. One of the standout features is the secured yard area for storage, which continues to be in high demand among industrial users in the market. The property also offers 400 amps of 3-phase, 4-wire power, which can be a significant benefit for users with higher power requirements.

This is an older building, constructed in 1979, so a buyer should plan for potential deferred maintenance costs. A Phase I Environmental Site Assessment will typically be required by a lender, although a Phase II may not be necessary depending on the property’s previous uses and surrounding properties. Another major cost to consider is fire sprinklers. The building is not currently sprinklered, and while sprinklers may not be required for every user, the lack of a fire sprinkler system could limit certain uses or future occupancy options for the property.

The initial cost will be higher than leasing, but over time ownership can become more attractive as rents increase while mortgage payments build equity. Based on the current lease-versus-buy comparison, purchasing may begin to make more financial sense at around 8 years of occupancy, with additional potential benefits from depreciation and long-term appreciation.