Monday, May 18, 2009

Los Angeles Shopping Center For Sale $2,980,000



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

Location Description:
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