6405 - 6413 Del Amo Boulevard - Del Amo Square - Del Amo Square, Lakewood, CA

Investment is a newly built strip center located at the highly trafficked corner of Del Amo Boulevard and Palo Verde Ave. in Lakewood, California. The property has a net rentable space of 6,613 SF on a 24,830 SF lot.

Constructed in 2006, the center consists of 5 units. The anchor tenants are It' s A Grind Coffee Shop and Advance America Cash Advance. All tenants are on NNN leases with rent increases. There is a vacant unit with patio that is suitable for an owner/user business.

The existing loan is assumable and offers a low fixed rate. It is not due until December 2016, allowing an investor to purchase with a low down payment and assume financing at a fixed rate of a mere 6.047%!

Excellent visibility at the N.E. corner of Del Amo and Palo Verde, a high profile, well-trafficked signalized intersection, the center has a parking ratio of 5:1. Easy access to 605 and 405 freeways and public transportation.

Purchased for $4.1 M in 2006, this is a unique opportunity to purchase a strip center in a thriving community for less than replacement cost.

Lakewood is a city in Los Angeles County, California, United States. The population was 79,345 at the 2000 census. It is bordered by Long Beach on the west and south, Bellflower on the north, Cerritos on the northeast,Cypress on the east, and Hawaiian Gardens on the southeast. Major thoroughfares include Lakewood (SR 19), Bellflower, and Del Amo Boulevards and Carson and South Streets. The San Gabriel River Freeway (I-605) runs through the city's eastern regions.

Lakewood was named Sports Illustrated's "Sportstown USA" in 2005 for the State of California.