3694 Highland Ave - Retail FOR SALE


Highland, CA 92346- Small Canyon
$7,250,000 USD
310-469-9012
3694 Highland Ave, Highland, CA for Sale
$7,250,000 USD
Retail - FOR SALE
1/15
null | 6.8% Cap Rate

3694 Highland Ave
Highland, CA 92346
Small Canyon


OVERVIEW

Zacuto Group is pleased to present a 45,528 SF shopping center in Highland, CA—95% leased with strong in-place income - 6.8% CAP - and immediate upside through converting leases to NNN and rent increases on below-market rents. Positioned on 3.7 acres with dual street frontage, this center offers exceptional visibility just blocks from Walmart, Aldi, and other national retailers. With a low basis of $159/SF and a proforma 8.5% cap, investors can capitalize on significant value-add potential in a market experiencing steady population and income growth. PRICE: $7,250,000 IN-PLACE CAP RATE: 6.8% PROFORMA CAP RATE: 8.5% RENTABLE BUILDING AREA: 45,528 SF LOT SIZE: 161,259 SF (±3.7 Acres) PPSF: $159/SF STRONG TENANT DEMAND CENTER YEAR BUILT: 1990 PARKING: 182 spaces APNS:1199-081-07-0000 | 1199-081-06-0000

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

182

LAND DETAILS

LAND ACRES

3.7 AC

LAND SF

161,172 SF

ZONING

C1, Highland

APN/PARCEL ID

1199-081-06,1199-081-07

ASK ABOUT THIS PROPERTY

Jake ZacutoZacuto GroupMore Info
310-469-9012

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Jake ZacutoZacuto GroupMore Info
310-469-9012

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