5237-5263 Paramount Blvd - Storefront FOR SALE
Lakewood, CA 90712 |
5237-5263 Paramount Blvd
Lakewood, CA 90712
HIGHLIGHTS
- ±22,627 SF retail center situated on ±1.60 acres in Lakewood, CA
- Occupied by 16 tenants; One (1) vacant units – Total of 9 leases expire or are MTM by 2027
- In-place rents average $1.51/SF NNN vs. projected market rent of $2.00–$2.75/SF NNN
- Strong value-add upside through lease-up and rent increases
- Monument signage and excellent visibility on Paramount Blvd (±21,000 VPD) - 81 on-site parking spaces (3.98/1,000 SF ratio)
- Dense infill location with over 230,000 residents within 3 miles - Mid-Cities submarket with below-average vacancy and stable leasing demand
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Westlake Plaza | 8.20% Proforma Cap
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront Retail/Office
TOTAL BUILDING SIZE
22627
STORIES
2
YEAR BUILT
1966
SPRINKLERS
-
PARKING SPACES
81
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
7157-019-007
