13516 Telegraph Rd - Auto Repair FOR SALE


Whittier, CA 90605- South Whittier
$2,625,000 USD
714-922-5916
13516 Telegraph Rd, Whittier, CA for Sale
$2,625,000 USD
Auto Repair - FOR SALE
1/24
null | 7.2% Cap Rate

13516 Telegraph Rd
Whittier, CA 90605
South Whittier


HIGHLIGHTS

  • 7.2% Pro Forma Cap Rate
  • Ideal Owner/User Opportunity to occupy part or all of the site including 4 auto bays
  • Tremendous Value-Add Investment to restructure the MTM leases and bring rents up to market
  • Infill, Affluent Demographics with 199,000 residents having an AHHI of $108,722 within 3 miles
  • Longstanding Tenancy on MTM leases provided ultimate flexibility for new ownership
  • High Barriers to Entry/Tight Market Fundamentals

OVERVIEW

CBRE Investment Properties has been retained by Ownership as the exclusive marketing adviser for the fee simple interest in 13516 Telegraph Road, Whittier (unincorporated Los Angeles County), CA (“the Property”). Situated on a 24,084 SF site, the Property encompasses 8,675 SF across two auto/retail/office buildings and features multiple points of ingress/egress on Telegraph Road as well as through the driveway running behind the property. At roughly 80% occupancy by mostly auto-related businesses on MTM leases at below market gross rents, 13516 Telegraph Road is an ideal owner/user, value-add investment or redevelopment opportunity. 7.2% Pro Forma Cap Rate.

FOR SALE DETAILS

PRICE

$2,625,000 USD

PRICE/SF

$303 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Dealership, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

24,084 SF

ZONING

C-3

APN/PARCEL ID

8029-002-037,8029-002-038,8029-002-039

ASK ABOUT THIS PROPERTY

Justin MarloweCBRE, Inc.More Info
714-922-5916

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Justin MarloweCBRE, Inc.More Info
714-922-5916

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.