1965 Potrero Grande Dr - Department Store FOR SALE


Monterey Park, CA 91755
$6,750,000 USD
213-272-5695
1965 Potrero Grande Dr, Monterey Park, CA for Sale
$6,750,000 USD
Department Store - FOR SALE
1/11
null | 6.78% Cap Rate

1965 Potrero Grande Dr
Monterey Park, CA 91755


HIGHLIGHTS

  • Multi-Tenant Retail Use Building
  • Ideal Location for Multi-Unit Apartment or Senior Housing Projects
  • Located between 10 Freeway and 60 Freeway for easy access
  • Great property for home improvement related business with showroom spaces
  • Ample parking with 85 parking spaces
  • Perfect property for Adult Day Care Center

OVERVIEW

HUGE PRICE REDUCTION. MOTIVATED SELLER. One Stop Financial Consulting, Inc. is pleased to offer the rare opportunity to acquire a 30,025-square-foot multi-tenant Retail/Industrial investment building. In its current configuration, the property has 14 units, occupied by 7 tenants. Built in 1990, this is a unique retail investment/owner-user opportunity in the surrounding area near Monterey Park. There are currently 7 tenants, with the owner occupying around 15,300 SF (Units L, M, and N), representing 51% of the building. This is an Ideal owner-user space for a furniture store, service/maintenance center, home improvement-related businesses, and other retail stores with big warehouse/showroom space. The buyer may obtain SBA /504 financing by occupying Units L, M, and N or buying the building as an investment property with an upside potential rental income. The subject property is on a 1.63-acre lot in Monterey Park with 85 parking spaces and an ideal location for multi-unit apartments or senior housing projects.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

6.78%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Day Care Center, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

C-S

APN/PARCEL ID

5276-022-022

ASK ABOUT THIS PROPERTY

Andy ParkOne Stop Financial Consulting, Inc.More Info
213-272-5695

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Andy ParkOne Stop Financial Consulting, Inc.More Info
213-272-5695

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