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10944 South St
Cerritos, CA 90703
Cerritos Auto Square - Mitsubishi Motors · Retail Property For Sale
Investment Highlights
- Location: Situated on South St, Just off the 605 FWY-South St exit, Within the Prestigious Cerritos Auto Square
- Located in and Affluent Local Submarket With a Dense Immediate Population, Ensuring Strong Traffic and Visibility
- Significant Rental Upside and High Demand Space For Tenants in The Auto Industry
- Surrounded by Top-Tier Automotive Dealerships and High Traffic Areas
- 85,308 Square Foot Lot with 293 Feet of Frontage on South Street and 117 Feet of Frontage on Studebaker Rd
Executive Summary
10944 South Street, Cerritos, CA 90703 presents an exceptional single-tenant leased NNN investment opportunity with minimal landlord responsibility. The property spans an impressive 1.96 acres of prime land, ideally located within the renowned Cerritos Auto Square, the world's largest auto mall. This strategic location is home to a single tenant, Mitsubishi Motors-New Sales/Parts/Service Center, offering a secure and stable income stream.
The subject property offers a rare and highly sought-after opportunity for investors seeking long-term stability with minimal oversight. Mitsubishi Motors, an established and trusted brand in the automotive industry, occupies the space under a NNN lease. The tenant has full responsibility for all property maintenance outside of maintaining the roof and foundation which are the landlord's responsibilities. The tenant is also fully responsible for payment of property insurance and property taxes, with NO TENANT PROP 13 PROTECTION - meaning, the increase in property taxes after the sale will be a continued responsibility of the tenant.
The subject property offers a rare and highly sought-after opportunity for investors seeking long-term stability with minimal oversight. Mitsubishi Motors, an established and trusted brand in the automotive industry, occupies the space under a NNN lease. The tenant has full responsibility for all property maintenance outside of maintaining the roof and foundation which are the landlord's responsibilities. The tenant is also fully responsible for payment of property insurance and property taxes, with NO TENANT PROP 13 PROTECTION - meaning, the increase in property taxes after the sale will be a continued responsibility of the tenant.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
16,116 SF
Building Class
C
Year Built/Renovated
1975/1999
Price
$11,618,990 CAD
Price Per SF
$720.96 CAD
Tenancy
Single
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.19
Lot Size
1.96 AC
Zoning
CEADP5 - Commercial
Frontage
Amenities
- Wheelchair Accessible
Property Taxes
| Parcel Number | 7049-014-011 | Improvements Assessment | $574,991 CAD |
| Land Assessment | $6,571,426 CAD | Total Assessment | $7,146,417 CAD |
Property Taxes
Parcel Number
7049-014-011
Land Assessment
$6,571,426 CAD
Improvements Assessment
$574,991 CAD
Total Assessment
$7,146,417 CAD
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