808-816 E Main St - Retail FOR SALE


Alhambra, CA 91801
$9,100,000 USD
808-816 E Main St, Alhambra, CA for Sale
$9,100,000 USD
Retail - FOR SALE
1/12
null | 5.77% Cap Rate

808-816 E Main St
Alhambra, CA 91801


HIGHLIGHTS

  • Currently occupied by CVS and American Continental Bank
  • The City of Alhambra is a suburb of Los Angeles County with a population of 82,295
  • Over 300 linear feet of frontage along Main Street
  • The subject property spans 1.81 Net Acres with a combined 18,000 square feet of improvements
  • 28,000+ Cars Per Day along Main Street
  • 49-unit residential complex under development across the street at 801 E. Main Street

OVERVIEW

The City of Alhambra is located in the San Gabriel Valley and is a suburb of Los Angeles County with a population of 82,295. It is known as the “Gateway to the San Gabriel Valley”. Home to a diverse array of businesses, restaurants, neighborhoods, and residents. Known as one of the best places to live in California, many young professionals find comfort in Alhambra as it offers residents an urban suburban mix feel. The property consists of two (2) free standing retail buildings (12,000 S.F. and 6,000 S.F.) with 1,000 square feet of vacant space in the 6,000 square foot building. The subject property benefits from over 300 linear feet of frontage along Main Street with 28,000+ Cars Per Day along Main Street. The ownership type is structured as a Ground Lease of the 12,000 square foot structure currently occupied with a CVS Corporation Guaranty and a Fee Simple of the 6,000 square foot structure with 5,000 square feet occupied by American Continental Bank.

FOR SALE DETAILS

PRICE

$9,100,000 USD

PRICE/SF

$506 USD /SF

CAP RATE

5.77%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bank, Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

101

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,844 SF

ZONING

GC

APN/PARCEL ID

5346-001-020,5346-001-021

ASK ABOUT THIS PROPERTY

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