Faris Lee Investments is pleased to present the fee simple interest (land & building) in a premier multi-tenant retail strip center, Rosewood Center, located at 10040-14329 Rosecrans Ave; 14323-14329 Woodruff Ave, Bellflower, CA. The site contains approximately 55,936 square feet of leasable area and is situated on a sizable 4.25-acre lot featuring ample parking with 245 spaces (4.38 per 1,000 SF). The center boasts a strong history of stable tenancy, with an average tenant occupancy of over 10 years. This stability is highlighted by investment-grade tenants Fresenius Medical Care (NYSE: FMS) and Denny’s (NASDAQ: DENN), who anchor a diversified group of retailers that cater to the daily needs of the community, driving consistent consumer traffic and crossover activity to Rosewood Center.
Rosewood Center offers a secure and stable investment, supported by a powerful mix of national outparcel brands including Denny’s, Dunkin’, and Carl’s Jr. (NAP). These high-traffic drivers are complemented by a diverse roster of service-based tenants like Fresenius Medical Care and Options for Youth, creating a destination that draws over 591,000 visitors annually, according to Placer.ai. Currently stabilized at 91% occupancy, the property provides immediate upside through lease up as well as longer term upside through rental increases and bringing below market rents to market levels. Furthermore, the center’s unique configuration of eight separate buildings and once being separately-parceled, present a compelling opportunity for potential Cap Rate arbitrage.
The site enjoys exceptional visibility and connectivity from its location near the intersection of Rosecrans Ave. and Woodruff Ave. (57,000 VPD), making it an attractive destination for consumers. Additionally, the property benefits from its close proximity to on/off ramps from both the 105 Freeway (233,000 VPD) and 605 Freeway (285,000 VPD). Strong trade area demographics boast a population of over 290,000 residents within a 3-mile radius and an average annual household income of $100,000+. Bellflower, California located in Los Angeles County is the 8th most densely populated city in California and the 65th most densely populated city in the United States of cities over 50,000 residents. Furthermore, the site is enhanced by nearby Bellflower Middle/High School (2,000 students), St. John Bosco High School (800 students), Norwalk High School (2,000 students) and one of the largest Kaiser Permanente facilities, Kaiser Permanente Downey Medical Center (5,585 on site employees).
Rosewood Center presents investors with a compelling opportunity to acquire a high-quality asset in a prime location, making it a truly unique and sought-after asset in the Southern California real estate market.