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1532-1536 E Amar Rd 40,382 SF 100% Leased Retail Building West Covina, CA 91792 $15,215,528 CAD ($376.79 CAD/SF) 6.21% Cap Rate

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EXECUTIVE SUMMARY

Lee & Associates is pleased to present the opportunity to purchase a portion of multi-tenant retail Shopping center with 2 buildings at 1532- 1536 E Amar in West Covina. The 40,382 SF shopping center is situated on a 2.9958 acre (130,496 SF) parcel along East Amar Rd. and adjacent to Azusa Ave., a highly trafficked intersection. The two buildings were built in approximately 1990 and is 100% occupied by 6 highly synergistic mixture of national, regional and local tenants. The average household incomes in a 1 mile, 3 mile, and 5 mile radius are $103,251, $106,168 and 105,685 respectively. The tenant line-up is E-commerce resistant with retail and service oriented tenants. Traffic counts are ±63,500 ADT at the major intersection of E. Amar and S. Azusa Ave. Woodside Village retail tenants include: Grocery Outlet, 99¢ Only, Island Pacific Market, Advanced Auto Parts, and Bank of America. National tenants in the trade area include: Home Depot, Target, Petsmart, and numerous other national tenants.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
40,382 SF
Building Class
C
Year Built
1990
Price
$15,215,528 CAD
Price Per SF
$376.79 CAD
Cap Rate
6.21%
NOI
$945,177 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
3.00 AC
Zoning
WCPCD1*
Frontage
201’ on Amar Rd

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage
Walk Score®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Grocery Outlet Bargain Market
Island Pacific Supermarket
Bank of America
Starbucks
Stater Bros Markets

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8730-004-018
Land Assessment
$3,714,725 CAD
Improvements Assessment
$6,092,654 CAD
Total Assessment
$9,807,379 CAD
  • Listing ID: 30210308

  • Date on Market: 2023-11-30

  • Last Updated:

  • Address: 1532-1536 E Amar Rd, West Covina, CA 91792

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