200-208 W Main St - Storefront Retail/Office FOR SALE


Alhambra, CA 91801
$4,300,000 USD
818-292-3175
200-208 W Main St, Alhambra, CA for Sale
$4,300,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 5.75% Cap Rate

200-208 W Main St
Alhambra, CA 91801


HIGHLIGHTS

  • Nearby Population of more than 43,400 people within one mile of the subject property, 249,700 people within three miles, and 654,500 people
  • Immediate submarket boasts an average household income within one, three, and five miles is $95,000, $109,300, and $107,100,
  • Household Density: There are over 16,300 households within one mile of the subject property, and over 85,700 households within three milest
  • The median home value in the immediate area is $803,00
  • More than 1,800 businesses within a 1-mile radius of the property with a combined annual consumer spending of $510 million

OVERVIEW

The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 200–208, 222–236 W Main Street, a 30,477 SF multi-tenant street retail portfolio situated on 0.70 acres (30,638 SF) of land in the heart of Alhambra, CA. The portfolio is positioned along Main Street, Alhambra’s primary commercial corridor, at the signalized southwest corner of S 2nd Street, benefiting from traffic counts in excess of 24,000 vehicles per day and a Walk Score of 94 (“Walker’s Paradise”) in a highly supply-constrained infill submarket. The offering consists of six (6) parcels, available individually or as a portfolio, and is currently 91.8% occupied. The tenant mix is comprised primarily of neighborhood-serving and experiential uses, including restaurants and cafés, music instruction, a cosmetology school, salon services, and childcare – daily need and service uses that benefit from Main Street’s walk-in traffic. With the exception of Unit 7 and 230, the majority of tenants are on short-term leases, with a weighted average lease term remaining of approximately 1.77 years, providing meaningful near-term flexibility. The portfolio generates $54,452.38 per month ($1.95/SF), or $653,428.56 annually, with all tenants subject to 3% annual rent increases. In addition, all tenants, excluding Unit 200 and the second-floor tenants, pay a fixed $0.50/SF CAM reimbursement.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$273 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,387 SF

ZONING

CBD/DRD*

APN/PARCEL ID

5344-024-008,5344-024-010

ASK ABOUT THIS PROPERTY

Brandon MichaelsThe Brandon Michaels GroupMore Info
818-292-3175

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Brandon MichaelsThe Brandon Michaels GroupMore Info
818-292-3175

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