19811 Colima Rd - Storefront Retail/Office FOR SALE


Walnut, CA 91789
$10,400,000 USD
714-922-5916
19811 Colima Rd, Walnut, CA for Sale
$10,400,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | 5.7% Cap Rate

19811 Colima Rd
Walnut, CA 91789


HIGHLIGHTS

  • 7.7% Pro Forma Cap Rate! Generational Value-Add Investment Opportunity with significant upside through lease-up and bringing tenants up to market.
  • Main and Main Location at the signalized intersection of Colima Road and Fairway Drive featuring an impressive 52,000 cars per day.
  • Close Proximity to SR-60, SR-57 and Future Residential Developments on the former Royal Vista Golf Course site.
  • Hing Wa Lee Plaza II has a long-standing history of occupancy by a diverse mix of retail, educational and professional tenants serving the community.
  • Walnut Valley Unified is a top 1-2% CA and National School District - HWL Plaza II is an ideal destination for tutoring and college planning tenants.
  • Infill, Affluent Demographics on the border of Walnut and Rowland Heights with 105,000 residents having an AHHI in excess of $140,475 within 3 miles.

OVERVIEW

CBRE Investment Properties has been retained by Ownership as the exclusive marketing adviser for Hing Wa Lee Plaza II located at 19811 Colima Rd in the highly desired City of Walnut, Los Angeles County, CA (“the Property”). Anchored by Bank of Hope and Boiling Point Restaurant, Hing Wa Lee Plaza II is a landmark, 85% occupied, ±31,794 SF property with a complementary mix of retail, educational and professional tenants servicing the needs of the surrounding community. Hing Wa Lee Plaza II is located in the heart of the San Gabriel Valley at the ‘Main and Main’ intersection of Colima Road and Fairway Drive featuring an impressive 52,000 cars driving by the property daily. Situated along the bustling Colima Road commercial corridor featuring extensive shopping and dining destinations, the Property is just 0.5 miles from State Route 60 (Pomona Freeway), in close proximity to the interchange with State Route 57 (Orange Freeway) and captures significant commuter traffic on a daily basis. The City of Walnut is an incredibly affluent community with average household income in excess of $170,000 for its 27,230 residents. Further adding to its prestige, Walnut is widely known for its nationally recognized school district consistently ranking in the top 1-2% in CA and across the United States. As a hub for educational related tenants, Hing Wa Lee Plaza II is the perfect destination for tutoring and college planning, capitalizing on Walnut’s unmatched emphasis on education.??????? Hing Wa Lee Plaza II is a generational value-add investment opportunity at a highly trafficked intersection in one of the San Gabriel Valley's most affluent communities.

FOR SALE DETAILS

PRICE

$10,400,000 USD

PRICE/SF

$327 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hing Wa Lee Plaza II

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

LCC2BE*

APN/PARCEL ID

8762-021-027

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 Notice.