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33522502
33522503

837 West Arrow Highway, Covina, CA 91722

AR
CA CA 01814678
Marcus & Millichap - Los Angeles
Marcus & Millichap - Los Angeles
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$3,738,010
1 day on market
Updated 1 day ago

Polaris Specialty Pharmacy

Details
APN 631-010-017
Property Type Retail, Industrial
Sub Type Manufacturing, Pharmacy/Drug (+1)
Square Footage 9,600
Cap Rate 6.25%
NOI $233,626
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 3
Lease Expiration 03/31/2028
Rent Bumps Yes
Lease Options One (1) Year Options to Extend
Pro-Forma Cap Rate 6.50%
Pro-Forma NOI $242,971
Price per SqFt $389
Year Built 1982
Year Renovated 2012
Buildings 1
Acreage 0.770
Zoning CM
Parking Spaces 24 spaces
Parking Per SqFt 2.50
Investment Type Net Lease
Lease Commencement 04/01/2025
Ground Lease No

Retail | 6.25% CAP | 9,600 SqFt

Marketing description

The Ovaness-Rostamian Group is proud to present an opportunity to acquire a single-tenant, net-leased Polaris Pharmacy property located at 837 W Arrow Highway in Glendora, California. The asset is fully leased to Polaris Pharmacy Services, a nationally expanding healthcare operator with more than 20 locations across the United States, serving long-term care, specialty pharmacy, and post-acute healthcare sectors. The lease features approximately two years of remaining term and includes 4% annual rental increases, providing built-in income growth.

The property consists of a freestanding ±9,600-square-foot flex R&D building situated on approximately ±0.77 acres, offering a functional and adaptable layout suited for a variety of commercial uses. The building configuration, combined with flexible zoning, supports a wide range of potential applications, including healthcare, laboratory, office, flex industrial, and specialty commercial operations. The site is further enhanced by ample on-site parking with 24 surface spaces, providing convenience for employees and visitors alike.

Strategically positioned within the San Gabriel Valley along the highly accessible Arrow Highway corridor, the property benefits from strong regional connectivity with convenient access to the I-10, SR-57, and I-210 freeways. This central location allows for efficient distribution and access throughout Los Angeles County and the Inland Empire, making it an attractive long-term investment within a growing and essential healthcare sector.

Investment highlights

  • Single Tenant Net Leased Polaris Pharmacy - 2 Years Remaining - 4% Annual Increases - Ease of management limited landlord responsibilities
  • Fully leased single-tenant investment occupied by Polaris Pharmacy Services, a nationally expanding healthcare operator expanding healthcare operator, is rapidly growing with more than 20 pharmacy locations nationwide.
  • Freestanding ±9,600 SF Flex R&D building situated on approximately ±0.77 acres
  • Flexible zoning and building configuration allow for multiple potential uses including healthcare, laboratory, office, flex industrial, R&D, and specialty commercial operations and ample 24 surface parking spaces with 24 parking spaces.
  • Strategic San Gabriel Valley Location - Located along the Arrow Highway corridor with access to the I-10, SR-57, and I-210 freeways, the property benefits from strong connectivity throughout Los Angeles County and the Inland Empire.

Listing Contacts

AR
CA CA 01814678
Marcus & Millichap - Los Angeles
Marcus & Millichap - Los Angeles
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$233,626.00
$19,468.83/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Tony Solomon
License
01238010
Title
Broker of Record
Name
Ara Rostamian
License
CA 01814678
Brokerage Phone
2139431781
Title
CA
Brokerage Address
1900 Avenue of the Stars
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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