700-738 W Compton Blvd - Freestanding FOR SALE


Compton, CA 90220- Sunny Cove
$4,999,999 USD
310-344-8218
700-738 W Compton Blvd, Compton, CA for Sale
$4,999,999 USD
Freestanding - FOR SALE
1/8
null | Request Cap Rate

700-738 W Compton Blvd
Compton, CA 90220
Sunny Cove


HIGHLIGHTS

  • SELLER MAY FINANCE
  • MASSIVE PARCEL
  • SIGNALIZED CORNER
  • 38% VACANT. IMMEDIATE ACTIONABLE UPSIDE.
  • QUINTESSENTIAL VALUE ADD DEAL

OVERVIEW

16 storefronts/almost 25K rentable square feet on a massive 80K sq. foot lot! Due to long-term, lax, one-family ownership and management, there is immediate meat on the bone for a savvy Buyer. Approximately 1/2 of the 22K sq. ft. is currently vacant - 7 of the 16 store can command a market rent immediately. And the existing tenants are on shorter-terms leases or MTM, meaning the entire center could be 'at market' sooner rather than later. This signalized SEC corner of Wilmington and Compton location is ripe for reimaging - the NEC is home to a newer build-to-suit, credit tenant (AutoZone), for example. Just behind this center is an attractive planned urban development of 300+ homes. And the Compton Airport is only 3 blocks away. 60K cars/day at this corner. $83K average household income. $538K median home value. Projected rents of $2.38/foot NNN modeled for the empty spaces. PRICED TO SELL AT $204/FOOT AND SELLER MAY FINANCE. RATE AND TERMS NEGOTIABLE.

FOR SALE DETAILS

PRICE

$4,999,999 USD

PRICE/SF

$204 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SELLER MAY FINANCE | FLEX IN PRICE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

COCL*

APN/PARCEL ID

6161-012-012

ASK ABOUT THIS PROPERTY

310-344-8218

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310-344-8218

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