7300-7306 Firestone Blvd - Retail FOR SALE
Downey, CA 90241 |
$12,500,000 USD
562-279-4886
7300-7306 Firestone Blvd
Downey, CA 90241
HIGHLIGHTS
- Currently 62% occupied with all gross leases, West Downey Plaza presents a prime opportunity to enhance operational efficiency
- On average, it is estimated that there are 22 leases at West Downey Plaza currently below-prevailing rates
- Approximately 63% of tenants are on month-to-month leases, providing immediate flexibility to implement more favorable triple net leases
- Strategically located on Firestone Blvd with high visibility and accessibility, West Downey Plaza benefits from over 40,600 vehicles daily
- Surrounded by a robust residential community of over 248,000 people within a 3-mile radius
- Investors can leverage the ±135,000 SF lot by re-developing or leasing available outparcels
FOR SALE DETAILS
PRICE
$12,500,000 USD
PRICE/SF
$2,232 USD /SF
CAP RATE
4.18%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
West Downey Plaza
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.32 AC
LAND SF
13,991 SF
ZONING
C4
APN/PARCEL ID
6231-002-006
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562-279-4886
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562-279-4886
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