2900 W Beverly Blvd - Storefront Retail/Office FOR SALE


Montebello, CA 90640
$3,640,000 USD
213-532-3220
2900 W Beverly Blvd, Montebello, CA for Sale
$3,640,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 6% Cap Rate

2900 W Beverly Blvd
Montebello, CA 90640


HIGHLIGHTS

  • 100% occupied with NNN leases
  • Shadow anchored by Super A Foods (not a part)
  • Strong traffic counts of over 53,271 CPD (Beverly Blvd & Garfield Ave)
  • Dense neighborhood with over 725,000 residents within 5 miles
  • Upside in below-market rents
  • Anchored by a corporate guaranteed 7-Eleven with S&P Investment Grade credit rating of “A-” (43% of GLA)

OVERVIEW

Colliers International is pleased to present for sale 2900 W. Beverly Blvd in Montebello. Retained by the seller as exclusive advisors, Colliers is offering a rare opportunity to acquire a value-add 7-eleven anchored retail center at a prime signalized intersection. Beverly Blvd is renowned for being a strong retail thoroughfare and for having tremendous automobile traffic. Garfield Ave provides quick access to the 60 Freeway to the north, and has Cantwell-Sacred Heart of Mary High School to the south. The property is also shadow-anchored by a Super-A-Foods neighborhood center which draws significant foot traffic. 2900 W. Beverly Blvd allows an investor to take advantage of a strong income stream from a well balanced mix of retail and service tenants, and secure a safe investment with upside through bringing several of the leases up to market rent as they expire.

FOR SALE DETAILS

PRICE

$3,640,000 USD

PRICE/SF

$545 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-ELEVEN ANCHORED STRIP CENTER

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

C2

APN/PARCEL ID

5267-027-029

ASK ABOUT THIS PROPERTY

Michael BohorquezColliersMore Info
213-532-3220

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Michael BohorquezColliersMore Info
213-532-3220

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