8860 Rosecrans Ave - Retail FOR SALE


Downey, CA 90242
$3,995,000 USD
818-281-7893
8860 Rosecrans Ave, Downey, CA for Sale
$3,995,000 USD
Retail - FOR SALE
1/1
null | Request Cap Rate

8860 Rosecrans Ave
Downey, CA 90242


OVERVIEW

Value-Add and/or Full Ground Up Re/Development - Value-add / 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 nearly 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

$3,995,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Infill Downey Commercial/Value-Add Low PSF

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Repair, Service

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

-

APN/PARCEL ID

6268-001-014

ASK ABOUT THIS PROPERTY

Nick D'ArgenzioBlvd Real Estate Investment Co.More Info
818-281-7893

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Nick D'ArgenzioBlvd Real Estate Investment Co.More Info
818-281-7893

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