Published on: Wednesday, February 19, 2025
Updated on: Wednesday, February 19, 2025
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About the Lister
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Name: Ryan Bennett
Company: NNN Investment Group
Office Phone: 760-448-2449
Cell Phone: 760-519-0240
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  PODS Moving & Storage
64640 19th Avenue Desert Hot Springs California , 92240
64640 19th Avenue Desert Hot Springs California , 92240  NNN Investment Group
Listing ID: CL-California-14222

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 6
Net Operating Income: $966,305
Commission Split (%): 0
Quick Glance
Listing ID: CL-California-14222
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 2024
Building Size: N/A SqFt
Lot Size: 4.86 Acre
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Listing Summary
STRONG CORPORATE LEASE WITH PODS ENTERPRISES, LLC •LEADER IN PORTABLE MOVING & STORAGE SOLUTIONS
Complete Details
Year Build: 2024
Building Size: N/A SqFt.
No of Stories: 1
Total Lot Area: 4.86 Acre
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

Property Description

•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
•NEW 10 YEAR MODIFIED NNN LEASE
•3% ANNUAL RENT INCREASES
•PASSIVE INCOME STREAM WITH AGGRESSIVE ANNUAL RENT GROWTH
•INFLATION HEDGE
•AGGRESSIVE CAP RATE GROWTH OVER TERM OF THE LEASE – 7.60% CAP RATE IN YEAR 10
•CLASS “A” INDUSTRIAL WAREHOUSE WITH SECURE YARD SPACE
•NEW 2024 CONSTRUCTION
•REINFORCED CONCRETE TILT-UP CONSTRUCTION
•28 FOOT CLEAR HEIGHT

Location Description

•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

Additional Properties
Property 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
  • New 10-Year Modified NNN Lease | 3% Annual Rent Increases | Passive Income Stream with Aggressive Annual Rent Growth | Aggressive Cap Rate Growth Over Term of Lease – 7.6% 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 Project – Delivering in 2026 | To Be Served by 1,464 Full-Time Employees
Listing Location
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Created On: 1/31/2025
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Title: PODS – Desert Hot Springs, CA
Address: 64640 19th ave , Desert Hot Springs California 92240
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Listing ID: CL-Louisiana-13629
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Status: Active
Created On: 1/15/2025
Modified On: 1/15/2025
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Address: 2550 Dauphin St. , Mobile Alabama 36606
Listing ID: CL-Alabama-13628
Listing Type: Commercial
Category: Retail - Free Standing
Status: Active
Created On: 1/15/2025
Modified On: 1/15/2025
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