4425 Candlewood St - Retail FOR SALE


Lakewood, CA 90712
$31,063,252 USD
858-373-3132
4425 Candlewood St, Lakewood, CA for Sale
$31,063,252 USD
Retail - FOR SALE
1/6
null | 5.75% Cap Rate

4425 Candlewood St
Lakewood, CA 90712


HIGHLIGHTS

  • OUTPARCEL SHOPS - Strip Center to Super Regional Lakewood Center
  • RELIABLE CASH FLOW - Healthy Occupancy Cost Ratios, National Credit Tenants
  • VALUE ADD - Mark-to-Market Rent Uplift
  • #1 RETAIL DESTINATION - Placer.ai - 22M Annual Consumers
  • Costco, Target, Home Depot, Albertsons, Burlington, Macy’s, JC Penney, Best Buy, 24HR SuperSport
  • GROWTH & INCOME - 685,000 residents earning over $119,000 Average House Hold Income

OVERVIEW

Marcus & Millichap has been selected to exclusively market for sale the fee simple interest in Luna Grill + Jersey Mike’s & Shops, an approximate 37,832 square foot out-parcel to the Two Million Square Foot Super Regional Lakewood Center located at the signalized intersections of Lakewood Boulevard and Candlewood Streets, Lakewood, CA 90712. The Property benefits from hard-corner visibility of the center’s primary ring road and share cross-access with powerhouse anchors including Costco, Target, The Home Depot, Albertsons, Macy’s, JCPenney, Burlington, Best Buy and 24 Hour Fitness, among many more. Lakewood Center attracts more than 22 million consumer visits per year and is Placer.ai’s #1-ranked retail destination in California, drawing over two million more annual visits than the state’s next-busiest center. This high-profile location features a primary five-mile trade area with unparalleled density, including a population of over 685,000 residents earning over $119,000 Average House Hold Income. In addition, the center consists of over 150 acres conveniently accessible from four of the most trafficked arterials with approximately 112,000 cars passing the center daily. In 2024 the City of Lakewood adopted a Mixed-Use Overlay implementing its Housing Element, paving the way for up to 1,000+ new residential units on and around the Lakewood Center campus, further enhancing daily footfall and long-term land value. Parcels are available separately or as a portfolio.

FOR SALE DETAILS

PRICE

$31,063,252 USD

PRICE/SF

$821 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Candlewood Shops @ Lakewood Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

292

LAND DETAILS

LAND ACRES

2.73 AC

LAND SF

118,710 SF

ZONING

LKC1*

APN/PARCEL ID

7170-022-001

ASK ABOUT THIS PROPERTY

Bill RoseInstitutional Property Advisors | Marcus&MillichapMore Info
858-373-3132

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

Bill RoseInstitutional Property Advisors | Marcus&MillichapMore Info
858-373-3132

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