5105-5111 Candlewood St - Storefront FOR SALE


Lakewood, CA 90712
$3,920,000 USD
310-449-1989
5105-5111 Candlewood St, Lakewood, CA for Sale
$3,920,000 USD
Storefront - FOR SALE
1/9
null | 8.09% Cap Rate

5105-5111 Candlewood St
Lakewood, CA 90712


HIGHLIGHTS

  • LEASEHOLD INVESTMENT
  • PRIME CORNER
  • UPSIDE POTENTIAL
  • ACROSS FROM LAKEWOOD CENTER MALL
  • NATIONAL TENANTS
  • EXCELLENT VISIBILITY

OVERVIEW

California Realty Group, as exclusive advisor, is pleased to present the opportunity to acquire LAKEWOOD GALLERIA, a Leasehold Investment with upside potential. This high-profile commercial retail shopping center is located at 5115 Candlewood Road, Lakewood, CA. There are three buildings totaling 19,008 sf. The tenant roster consists of ten complimentary tenants all on NNN leases. They include, Ohana Hawaiian BBQ, Corner Bakery Café, Pick Up Stix, Cold Stone, The Joint, Mlem Mlem Crab Restaurant, Serene Dental Care, Cozy Toes and Spa, Locks and Lather Hair Salon and Cuppa’rie Tea Salon. There is one vacancy of 2,015 square feet which provide future potential upside. This property is situated on the highly trafficked corner of Candlewood Street & Clark Avenue and is located across from Lakewood Center Mall, one of the largest retail shopping malls totaling over 2 million square feet. This site’s location shows affluent household incomes averaging $120,766 in a 1 mile radius. The property is also conveniently positioned within close proximity to the 710, 5, 91 and 605 freeways.

FOR SALE DETAILS

PRICE

$3,920,000 USD

PRICE/SF

$692 USD /SF

CAP RATE

8.09%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakewood Galleria

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Candlewood St

LAND ACRES

0.68 AC

LAND SF

29,612 SF

ZONING

LKC4YY

APN/PARCEL ID

7170-006-004

ASK ABOUT THIS PROPERTY

Keith KleinmanCalifornia Realty GroupMore Info
310-449-1989

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Keith KleinmanCalifornia Realty GroupMore Info
310-449-1989

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