Property Use Type: | Investment |
Type: | Shopping Center Strip Center |
GLA: | 16,464 SF |
Lot Size: | 26,625 SF |
Occupancy: | 50.00% |
Price: | $2,980,000 |
Price/SF: | $181.00 |
Cap Rate: | 10.83% |
Net Lease Investment: | Yes |
Years left on Lease: | 3 |
Property Description:
Landmark two-story building suitable for restaurant, office/medical office, and retail stores that outshines neighboring structures in Historic Whittier Blvd District
Extremely high upside potential as pro forma cap rate is calculated based on very conservative rent rates for vacancies that are 60% less than in-place rents
High population density of over 800,000 in a 5-mile radius
High identity, high traffic corner location on Whittier Blvd with easy access to I-710, I-5, and I-60 freeways
Heavy traffic count of over 30,000 cars per day
High pedestrian traffic with convenient access to public transportation.
Financial Summary | Actual |
Net Operating Income: | $322,734 |
Major Tenant Information Tenancy Type: Multiple
No Debt & Equity Information Provided