7320-7340 Firestone Blvd - Storefront Retail/Office FOR SALE


Downey, CA 90241
$13,850,000 USD
818-823-0832
7320-7340 Firestone Blvd, Downey, CA for Sale
$13,850,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 4.17% Cap Rate

7320-7340 Firestone Blvd
Downey, CA 90241


HIGHLIGHTS

  • Prime Strip Center Opportunity: Located on signalized hard corner intersection Firestone Boulevard & Old River School Road (74,586 combined VPD)
  • 35% of Tenants on MTM Leases / Variety of Investment Strategies: The center is currently 59% occupied and leased entirely on gross lease terms
  • Ample Parking & Efficient Layout: 91 Surface Parking Spaces on a 135,980 Square Foot Lot, Supporting Convenience-Based Shopping.
  • Located: In between I-5, I-710, I-105 & I-605, multiple consumer destinations including Downey Landing Shopping Center, The Promenade at Downey & More
  • Dense Trade Area: Average household income of $88,321 and over 785,000 residents in a 5-mile radius

OVERVIEW

Marcus & Millichap is pleased to present West Downey Plaza, a strategically located multi-tenant strip center in the heart of Downey, California. Positioned at the signalized intersection of Firestone Boulevard and Old River School Road (74,586 combined vehicles per day), the property benefits from exceptional visibility, multiple access points, and proximity to Interstate 105, 710, 5 and Interstate 605. West Downey Plaza consists of approximately 48,440 feet of rentable building area on a 135,980 square-foot lot, with 91 dedicated parking spaces. The center is currently 59 percent occupied leased entirely on gross lease terms of which 35% are month-to-month, presenting a rare value-add opportunity for investors to reposition the property by bringing rents to market. The property enjoys proximity to major shopping destinations, including Downey Landing Shopping Center (383,177 Square Feet), The Promenade at Downey (607,482 Square Feet), and El Paseo Shopping Center (291,469 Square Feet). Additionally, the immediate trade area (Firestone Corridor) is supported by a robust mix of national credit tenants like Home Depot, Downey Nissan, Porto’s Cuban Bakery, the Stonewood Mall, In N out and more, further driving consumer traffic and demand. The boulevard offers retail, office, restaurant, service and a variety of commercial uses. Along with the retail and industrial synergies around the site the surrounding demographics are strong, with a five-mile population exceeding 785,000 residents and an average household income of $88,321, underscoring the site’s long-term growth potential and attractive retail fundamentals.

FOR SALE DETAILS

PRICE

$13,850,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

4.17%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Downey Plaza Infill Value Add Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

187

LAND DETAILS

LAND ACRES

3.12 AC

LAND SF

135,980 SF

ZONING

C4

APN/PARCEL ID

6231-002-006

ASK ABOUT THIS PROPERTY

Ara RostamianMarcus & MillichapMore Info
818-823-0832

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Ara RostamianMarcus & MillichapMore Info
818-823-0832

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