38-40 Centerpointe Dr - Freestanding FOR SALE
La Palma, CA 90623 |
$6,210,000 USD
678-878-1907
38-40 Centerpointe Dr
La Palma, CA 90623
HIGHLIGHTS
- HIGH-TRAFFIC LOCATION – Positioned along Orangethorpe Avenue, the property benefits from exceptional visibility with over 23,000 vehicles per day.
- AFFLUENT CONSUMER BASE – The area boasts a strong population, with over 597,000 people in a 5-mile radius.
- TENANT STABILITY – Concentra has been at the plaza since 2013 and is currently in their first option period, while Flame Broiler has been since 2008.
- STRONG TENANCY – Anchored by Concentra Urgent Care, an investment- grade tenant backed by Concentra Group Holdings Parent Inc.
- SURROUNDED BY MAJOR RETAILERS – Located in a high-demand retail trade area, the property is adjacent to premier national brands.
- HANDS OFF INVESTMENT – The property operates under an NNN lease structure, with expenses reimbursed to the landlord.
FOR SALE DETAILS
PRICE
$6,210,000 USD
PRICE/SF
$620 USD /SF
CAP RATE
5.65%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CONCENTRA & FLAME BROILER
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
67
LAND DETAILS
LAND ACRES
1.26 AC
LAND SF
55,103 SF
ZONING
-
APN/PARCEL ID
276-081-36
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678-878-1907
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678-878-1907
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