18714 S Gridley Rd - Freestanding FOR SALE


Cerritos, CA 90703- ABC
$8,790,000 USD
760-399-7358
18714 S Gridley Rd, Cerritos, CA for Sale
$8,790,000 USD
Freestanding - FOR SALE
1/19
null | Request Cap Rate

18714 S Gridley Rd
Cerritos, CA 90703
ABC


HIGHLIGHTS

  • Prime Location Across from CERRITOS MALL
  • Strategic Location – Positioned near major retail hubs, regional shopping centers, and high-traffic highways (I-605 & SR-91).
  • Ample Parking – Convenient parking for customers and employees.
  • Strong Demographics – Located in a dense trade area with high household incomes and strong consumer spending power.
  • Investment Potential – Ideal for owner-users or investors seeking a high-traffic retail asset in a sought-after market.

OVERVIEW

Significant Price Improvement-NOW OFFERED AT $8,790,000 **** Building Available Now *** No Tenant- email for showing instructions. Rare Opportunity in a Prime Retail Location This is a unique opportunity to acquire a 22,112 SF standalone retail building located directly in front of the highly visited Cerritos Mall. Properties like this are extremely limited, with no comparable options currently available and only one other property for sale in the area. Positioned within a premier retail corridor, the site enjoys a five mile population of nearly 592,000 residents and more than 65,000 vehicles passing daily within a quarter mile. The 605 Freeway off ramp is just 0.22 miles away, providing excellent access to surrounding cities and a steady flow of customers. User Owners: Make It Your Own This property offers an excellent opportunity for user owners to take full control and customize the space to meet their operational needs immediately after closing. By owning rather than leasing, you can eliminate an estimated annual rent expense of approximately $680,000 while gaining the long term benefits of appreciation, equity growth, and tax advantages through depreciation. Secure your business location in one of Cerritos’ strongest retail markets while investing in your own future. Investor Owners: Exceptional Income Potential Located in one of the region’s most desirable retail corridors, this property gives investors the chance to attract top national or regional tenants, including franchise retailers and restaurants, drawn by its prime location across from Cerritos Mall. With rental rates in the $30 to $38 per square foot range and cap rate potential above 6 percent, this building represents a rare opportunity to acquire a high performing asset in a thriving market. Don’t miss the chance to add a premium retail investment to your portfolio.

FOR SALE DETAILS

PRICE

$8,790,000 USD

PRICE/SF

$398 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Health Club, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

CECR

APN/PARCEL ID

7039-019-076

ASK ABOUT THIS PROPERTY

Miguel ChapaChapa Commercial GroupMore Info
760-399-7358

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

Miguel ChapaChapa Commercial GroupMore Info
760-399-7358

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