Log In/Sign Up
Your email has been sent.
First Time on Market in 40+ Years | Value-Add 12205 Centralia St 14,220 SF 100% Leased Retail Building Lakewood, CA 90715 $5,952,963 CAD ($418.63 CAD/SF) 6.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Value Add Opportunity - Roughly 20% Upside by bringing rents to market and converting to NNN leases
- 6.40% Current Cap Rate
- Abundant Parking - 135 Total Shopping Center Parking Spaces
- Prime 2,346 Square Foot End Month to Month Tenancy - Opportunity to Mark to Market Immediately
- Clear Path to 7.59% Cap Rate Year 2 - End Cap Month to Month
- Traffic Counts Between 16K - 21K Vehicles Per Day
EXECUTIVE SUMMARY
Family-owned asset and first time on the market in over 40 years! 12205 Centralia Street is a stable but underperforming neighborhood retail strip center located in the dense, supply-constrained Lakewood/Cerritos submarket at the border of Los Angeles and Orange Counties. The property totals ±14,220 SF on a ±38,522 SF parcel with 135 parking spaces via reciprocal parking agreement, offering excellent access, convenience, and visibility for daily-needs retailers.
Investors benefit from a rare value-add retail opportunity supported by below-market rents, lease rollover, and conversion to NNN leases. The center includes a prime ±2,346 SF end-cap currently month-to-month, allowing an investor to mark-to-market quickly and drive meaningful NOI growth.
With strong in-place cash flow and ~20% rental upside, this is a stable infill Southern California asset with clear, executable value creation.
Zoned C-4 General Commercial with a Multifamily Overlay - allows for future high density residential uses
Investors benefit from a rare value-add retail opportunity supported by below-market rents, lease rollover, and conversion to NNN leases. The center includes a prime ±2,346 SF end-cap currently month-to-month, allowing an investor to mark-to-market quickly and drive meaningful NOI growth.
With strong in-place cash flow and ~20% rental upside, this is a stable infill Southern California asset with clear, executable value creation.
Zoned C-4 General Commercial with a Multifamily Overlay - allows for future high density residential uses
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$460,494
|
$32.38
|
| Other Income |
$50,615
|
$3.56
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$511,109
|
$35.94
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$129,927
|
$9.14
|
| Net Operating Income |
$381,182
|
$26.81
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $460,494 |
| Annual Per SF | $32.38 |
| Other Income (CAD) | |
|---|---|
| Annual | $50,615 |
| Annual Per SF | $3.56 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $511,109 |
| Annual Per SF | $35.94 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $129,927 |
| Annual Per SF | $9.14 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $381,182 |
| Annual Per SF | $26.81 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
14,220 SF
Building Class
B
Year Built
1961
Price
$5,952,963 CAD
Price Per SF
$418.63 CAD
Cap Rate
6.40%
NOI
$381,182 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.88 AC
Zoning
LKC4
Parking
55 Spaces (3.87 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7057-008-016 | Improvements Assessment | $307,170 CAD |
| Land Assessment | $804,555 CAD | Total Assessment | $1,111,726 CAD |
PROPERTY TAXES
Parcel Number
7057-008-016
Land Assessment
$804,555 CAD
Improvements Assessment
$307,170 CAD
Total Assessment
$1,111,726 CAD
1 of 14
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
First Time on Market in 40+ Years | Value-Add | 12205 Centralia St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.