Description

A rare opportunity for an investor to own or use a 2 story 37,500 sqft standalone building with a 245 parking structure totaling 116,214 sqft in the heart of West Covina. It’s conveniently located off the Interstate 10 Freeway. West Covina is located in the Greater Los Angeles, and 19 miles east of Downtown Los Angeles. Property is currently leased to a 24 Hour Fitness with a NNN income of $1,032,000 for year 2024. Newer roof was installed in 2016. Pool, spa, steam rooms, sauna, water heater and locker rooms were recently renovated. This property is allowed for a variety of potential uses. Per the city of West Covina, this property is General Urban Zone (T4-GU). Medical service use is permitted, and potential for an assisted living facility. The subject property is surrounded by live-work-play-medical amenities catering to a wide range of demographics. The modernized Plaza West Covina (6 Anchored stores with 185 retail shops and restaurants and the always crowded Porto’s is just 3 mins away. Major hospitals such as Baldwin Park Kaiser Permanente Medical Center, Emanate Health Queen of the Valley Hospital are all within 3 miles radius. Besides major hospitals, there are countless medical facilities from Primary care physicians, specialists, medical center to Labs etc. Lakeside Health and Kaiser Behavioral Health, Fresenius Kidney Care are adjacent from the property. A newly established Merrill Garden of West Covina, a luxury assisted living facility that offers services of independent care, memory care to Alzheimer care is walking distance from the subjected property.