2023-Built Industrial Condo - Owner-user or Sale Leaseback

Highlights:

• Nearly Brand-New Construction: Built in 2023 within a larger complex, featuring pristine curb appeal and a clean, modern façade.
• Unmatched Flexibility: Offered as a rare opportunity for an Owner-User to occupy modern space or as an investment via a Sale-Leaseback structure.
• Strategic Corner Location: Situated on the corner of Chestnut Ave and Magnolia Ave, just two blocks north of Huntington Drive and two blocks west of Old Town Monrovia.
• Superb Demographics: Located in a highly affluent area boasting an average household income of ±$140,264 within a 1-mile radius.
• Optimized Floor Plan: Offers a well-distributed layout comprising ±1,140 SF of warehouse space and ±440 SF of office space (Buyer to verify).
• Premium Industrial Features: Equipped with 18-foot warehouse clearance, a 10-foot commercial roll-up door, and a robust 250-AMP electrical panel.
• Modern Systems: All mechanical, electrical, plumbing, roof, and HVAC systems are approximately three years old, significantly minimizing future capital expenditures.
• M-Zoning: Highly versatile "M" zoning allows for a wide range of commercial and industrial uses.
• Ample Parking: Includes two dedicated spaces at the front, plus access to 12 shared guest spaces within the complex.
• Regional Connectivity: Provides excellent access to the 210 and 605 Freeways, seamlessly linking the property to the broader Southern California market.
• Transit-Oriented & Walkable: Features a "Walker’s Paradise" Walk Score of 93, positioned within walking distance of the Metro Gold Line Station, parks, and top-tier city amenities.

Description:

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

Growth Investment Group California is proud to present 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, 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.

LOCATION AMENITIES AND ACCESS

Nestled in the foothills of the San Gabriel Mountains, Monrovia perfectly balances its historic charm with a pro-expansion, forward-thinking civic approach. The city's transit-oriented development initiatives have spurred the construction of over 1,000 luxury apartment units within a two-block radius of the Gold Line station (which sees nearly 1.5 million riders monthly). Bolstered by over $25 million in public improvements, Monrovia serves as an attractive base for major corporations, including Trader Joe’s, Original Tommy’s, and Naked Juice.

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