Listed by Lee & Associates San Diego - Carlsbad, NNN Investment Group
$15,700,000
PODS - Desert Hot Springs, CA
Details
APN 666-360-017
Property Type Industrial
Sub Type Warehouse
Square Footage 60,000
Net Rentable (SqFt) 60,000
Cap Rate 6.15%
NOI $966,305
Occupancy 100%
Tenancy Single
Brand/Tenant PODS
Lease Type NNN
Lease Term 10
Lease Expiration 09/30/2034
Remaining Term 8.3
Rent Bumps Yes
Lease Options (2) 5-Year Options
Price per SqFt $262
Broker Co-Op Yes
Class A
Year Built 2024
Buildings 1
Acreage 4.860
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2024
Occupancy Date 10/01/2024
Ground Lease No
Ceiling Height 28
Loading Docks 1
Dock High Doors 2
Ownership Fee Simple
Sale Condition 1031 exchange
Class “A” Industrial Warehouse (2024 Construction) | 10-Year Lease
Marketing description
We are pleased to present a high-quality, income-producing investment: a PODS facility in Desert Hot Springs, CA. PODS (Portable On Demand Storage) is a nationally recognized leader in the moving and storage industry, with over 25 years of operational success. The company services more than 250 million customers across 46 U.S. states, Canada, Australia, and the U.K., with a strong track record of financial stability and continued expansion. Backed by a modified NNN lease with minimal landlord responsibilities, this asset offers investors a secure, long-term income stream.
Investment highlights
- Strong Corporate Lease with PODS Enterprises, LLC | Leader in Portable Moving & Storage Solutions | $1.2 Billion in Revenues (2023) | 240 Locations Nationwide & Over 3,000 Employees
- 10-Year Triple-Net (NNN) Lease | 3% Annual Rent Increases | Passive Income Stream with Aggressive Annual Rent Growth | Aggressive Cap Rate Growth Over Term of Lease - 7.80% Cap Rate in Year 10
- Class "A" Industrial Warehouse with Secure Yard Space | New 2024 Construction | Reinforced Concrete Tilt-Up Construction | 28 Foot Clear Heights
- Strategic Mission Critical Location for PODS | Most Eastern S. California Location Connects PODS Network to Phoenix & Las Vegas Markets | Easy Access to Interstate 10 (92,000 VPD) Connecting to Inland Empire
- Desert Hot Springs - Reaping the Benefits of Industrial Warehouse Development Moving Eastward | Over 3 Million SF of New Development Projects Approved | 38% Projected Future Job Growth Rate in Next 10 Years
- Adjacent to New 650,000 SF Amazon Middle Warehouse - Delivered in January 2026 | To Be Served by 1,464 Full-Time Employees
Listing Contacts
Listed by Lee & Associates San Diego - Carlsbad, NNN Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$966,305.00
$80,525.42/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
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