8009-8041 Imperial Hwy - Storefront FOR SALE


Downey, CA 90242
$5,200,000 USD
213-788-3357
8009-8041 Imperial Hwy, Downey, CA for Sale
$5,200,000 USD
Storefront - FOR SALE
1/4
null | 5.36% Cap Rate

8009-8041 Imperial Hwy
Downey, CA 90242


HIGHLIGHTS

  • PRIME DOWNEY CORNER RETAIL WITH STRONG VISIBILITY & VALUE- ADD UPSIDE

OVERVIEW

SIGNALIZED HARD CORDER OF IMPERIAL HWY AND PARAMOUNT BLVD., OFFERING EXCEPTIONAL VISIBILITY, HIGH TRAFFIC COUNTS, AND A PROMINENT PRESENCE IN A HIGHLY DESIRABLE, IRREPLACEABLE LOCATION. SURROUNDED BY NATIONAL RETAILERS, INCLUDING VALLARTA SUPERMARKET, WALGREENS, STARBUCKS, BURGER KING AND JACK IN THE BOX. CURRENT OPERATING AT AN APPROX. 5.36% CAP RATE WITH TWO VACANCIES, WITH THE POTENTIAL TO ACHIEVE A 6.48% CAP RATE WHEN FULLY LEASED. VALUE-ADD OPPORTUNITY TO SIGNIFICANTLY INCREAE NET INCOME BY CONVERTING EXISTING GROSS LEASE TO NNN LEASES, ESPECIALLY WITH TARGETED RENOVATIONS TO ENHANCE THE SHOPPING CENTER'S APPEAL.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$1,373 USD /SF

CAP RATE

5.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downey Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

C3

APN/PARCEL ID

6259-019-061

ASK ABOUT THIS PROPERTY

Howard ChangCNC PropertiesMore Info
213-788-3357

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Howard ChangCNC PropertiesMore Info
213-788-3357

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