Genevia Lam - Commercial Real Estate Showcase

Genevia Lam Property Listings
Genevia Lam
Monterey Park, CA 91754
(213) 261-9937

5952 - 5956 Westminster Boulevard - Westminster Plaza - Westminster Plaza

SWC Westminster Ave & Springdale St
Westminster, CA 92683-3546 - Westminster Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:1976
Building Size:23,200 SF Land Area:1.96 AC (85,378 SF)
For Sale Price:$4,500,000 Price/SF:$193.97
Cap Rate:-

Westminster Center is a neighborhood shopping center conveniently located in the city of Westminster on the South-West corner of Westminster Ave. and Springdale St.. It is minutes from the I-405 freeway. The center spans approximately 11540 square feet encompassing 4 stores and is anchored by Farmer's Market and The Goodwill Store.

Sale Notes:
The subject property is located at the SW Corner of Westminster Ave. and Springdale St. It is a single story retail building originally built to suit and leased to Alpha Beta. Around the early 2000, Ranchito Supermarket had been subleaasing this property from Alpha Beta. Recently, Ranchito had moved out from the property as a result of the end of Alpha Beta's lease term in Aug 2016. A CC&R governs the common area shared among the neighboring smaller parcels. The CC&R will expire in 2020.

Signalized Intersection with High Visibility and Traffic
Traffic Count of around 58,000 vehicles per day
Densely Populated and Affluent Neighborhood
Easy Access to 405 Freeway
Mature Infill Area with High Appreciation Potential
Anchor Property of Westminster Plaza

Genevia Lam
Genevia Lam
(213) 261-9937

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