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17001 - 17015 Bellflower Boulevard, Bellflower, CA

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17001 - 17015 Bellflower Boulevard

Bellflower, CA 90706-5921 - Mid-Cities Submarket

Property Type:Retail Sub Type:Storefront Status:Existing , Renov 1967 Year Built:1957
Building Size:13,991 SF Land Area:.39 AC (17,154 SF)
For Sale Price:$1,775,000 Price/SF:$126.87
Cap Rate:4.84 %
Parking:Free Surface spaces are available; Free Covered spaces; Ratio of .21/1,000 SF

Location Corner: SW

Property Description: Storefront Retail/Office

Sale Notes:
RE/MAX Commercial & Investment Realty is proud to present the sale of a multi-tenant mixed-use commercial property located at 17001-15 Bellflower Blvd. The property consists of four (4) retail storefronts, and three (3) office spaces. Subject is located on the signalized corner of Bellflower Blvd. and Walnut St. with an estimated 18,000 traffic count. The property is well maintained with major upgrades to A/c unit, copper plumbing, and new electrical. Subject property has 13,991 rentable square feet with an additional 2,000 square foot mezzanine.
Occupied with long-term stable tenants. Six (6) of the seven (7) tenants are on month to month leases. The seventh is on a three year lease till 2019. All leases are gross leases.
With the option to renegotiate current leases into triple net (NNN) leases, the savvy investor can seek to capitalize on the significant rental upside on a well maintained asset in a growing area.
Property is located north of the 91 freeway on the corner of Bellflower Blvd. and Walnut St.

Well Maintained Property
Signalized Corner Location
Over 18,000 Traffic Count
Long-term Stable Tenants
Tremendous Rental Upside

RE/MAX Commercial & Investment Realty
Mike A Pesci
(213) 233-4364

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