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8551 Long Beach Boulevard, South Gate, CA

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8551 Long Beach Boulevard

South Gate, CA 90280-2045 - Mid-Cities Submarket

Property Type:Retail Sub Type:Service Station Status:Existing Year Built:1965
Building Size:3,000 SF Land Area:.35 AC (15,059 SF)
For Sale Price:$600,000 Price/SF:$200.00
Cap Rate:-

Sale Notes:
Brookfield Partners and BRC Advisors have been selected as exclusive agents for this signalized corner re-positioning opportunity. This leased investment has 3 tenants with staggered rollover. The anchored tenant is a tire service company on a triple net lease which expires in October 2018, with one 3 year option at market. This tenant is currently below market at $1.37 per square foot NNN. There are two other auto related tenants in the second building, these tenants are on a modified gross lease providing triple net upside potential to an investor. This property is price at a very low price per foot on land $38.84, making it an attractive acquisition for the future re-positioning.

Brookfield Partners
Jay Martinez
(818) 201-3605

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