Extremely Rare 2023-Built Industrial Condominium | Owner-User or Sale-Leaseback, Excellent Location near Old Town Monrovia, Excellent Curb appeal, Zoning allows Wide Range of Uses.
252 W Chestnut Ave, Monrovia, a premium single-story industrial condominium situated just two blocks from historic Old Town Monrovia. Constructed in 2023 within a modern industrial complex,… Read More this asset offers an immaculate, contemporary aesthetic.
This offering provides exceptional flexibility: it can be delivered 100% vacant for an owner-user seeking state-of-the-art facilities, or structured as a sale-leaseback for an investor seeking stable yield. The property boasts an efficient layout with ±1,140 SF of warehouse and ±440 SF of office space, complete with an 18-foot clearance height, a 10-foot roll-up door, and modern 250-AMP electrical service. With major building systems dating to the recent 2023 construction, the new owner will benefit from a virtually maintenance-free asset. As of September 2026, the HOA charge is $288/month which covers property insurance and common area maintenance.
The property is strategically located only 2 blocks from Old Town Monrovia and 2 blocks from Huntington Drive with superb access to FWY 210 and FWY 605. This area is adjacent to affluent cities, Arcadia, San Marino, and Pasadena. The property is walking distance to the Monrovia Gold line and is surrounded by old towns restaurant and cafe row, upscale bars and boutique shops while including national retailers. The new owners can enjoy its proximity to FWY 210 and the Monrovia Gold Line. Read Less
Property listed by Growth Investment Group Pasade, Handoko Chen 310-259-7556
Listing Snapshot
Days Online
2
Last Updated
Property Type
Industrial
Square Ft.
1,580
Lot Size
0.76 Acres
Year Built
2023
MLS Number
AR26199981
Additional Details
Building
Built in 2023, 1 building, 1 storey, Entry level: 1
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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