8856 Rosecrans Ave - Auto Repair FOR SALE


Downey, CA 90242
$4,250,000 USD
714-318-3955
8856 Rosecrans Ave, Downey, CA for Sale
$4,250,000 USD
Auto Repair - FOR SALE
1/2
null | 8.5% Cap Rate

8856 Rosecrans Ave
Downey, CA 90242


HIGHLIGHTS

  • Located at busy intersection of Rosecrans Avenue and Lakewood Boulevard

OVERVIEW

- Value-add / or ground up redevelopment opportunity - The current site allows for a multitude of uses including: utilizing the existing business/industrial park as an owner/user, value-add opportunity through renovations and bringing rents up to market, and/or full redevelopment into commercial retail QSR/fast food use, etc. - The Subject Property features well below market rents - The current rents at the property average $0.70 psf MG - Market rents are approximately 400% higher ($2.00 PSF NNN), allowing for significant upside for the new Owner - Ideally located at busy intersection of Rosecrans Avenue and Lakewood Boulevard with over 56,613 vehicles passing by daily - Top retail intersection surrounded by other national retailers including Walmart, El Super, Food 4 Less, Walgreens, Chase Bank, McDonald’s, Wendy’s, El Pollo Loco, Carl’s Jr., Taco Bell, etc. - Dense / Infill Los Angeles (Downey) Location - There are approx. 800,000 residents living within a 5-mile radius of the property, making this a highly desirable location for most national retailers/tenants

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Commercial/Value-Add Redevelopment Project

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

DOC2*

APN/PARCEL ID

6268-001-014

ASK ABOUT THIS PROPERTY

Tom ChichesterBlvd Real Estate Investment Co.More Info
714-318-3955

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Tom ChichesterBlvd Real Estate Investment Co.More Info
714-318-3955

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