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16623 Bellflower Boulevard, Bellflower, CA

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16623 Bellflower Boulevard

Bellflower, CA 90706 - Mid-Cities Submarket

Property Type:Retail Sub Type:Storefront Status:Existing Year Built:1929
Building Size:5,472 SF Land Area:.13 AC (5,545 SF)
For Sale Price:$749,000 Price/SF:$136.88
Cap Rate:-

Sale Notes:
Brookfield Partners and BRC Advisors is pleased to present a court ordered and liquidation sale. The building is currently being used as a furniture store and occupied by the seller. A single tenant building totaling 5,472 square feet with excellent exposure and tons of free rear parking for its patrons. An Investor could stabilize the asset with a new tenant and achieve a 7.87% Cap Rate with $1.00 NNN rents. On the other hand, an Owner-user buyer could occupy 51% or more of the square footage and have an occupancy cost of $.95 per square foot before the tax advantages of ownership.

A public parking lot is located the rear of the building and the subject property has great rear exposure and access as well.

Offering Memorandum attached with all further details.

Brookfield Partners
Jay Martinez
(818) 201-3605

BRC Advisors
Elizabeth Clark
(310) 525-3702

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