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US Bank 1970 W Whittier Blvd 7,835 SF Retail Building La Habra, CA 90631 $7,242,498 CAD ($924.38 CAD/SF) 4.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Highly visible location at the signalized corner of Whittier Blvd. and Beach Blvd
- Huge Branch Deposits - per the FDIC’s website, US Bank (S&P rating of “A”) has over $218,000,000 in deposits at this location.
- US Bank has occupied this site for over 20 years and has recently exercised a new 5-year extension
- One of the most highly-traveled commercial intersections in the trade area with over 71,200 CPD
- Out-parcel to an Albertson’s anchored shopping center
- There are two (2) 5-year option periods with increases of 7.5% every 5 years.
EXECUTIVE SUMMARY
CBRE is pleased to present the opportunity to purchase a trophy, single-tenant NNN ground lease with US Bank.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
7,835 SF
Building Class
B
Year Built/Renovated
1969/2000
Price
$7,242,498 CAD
Price Per SF
$924.38 CAD
Cap Rate
4.80%
NOI
$347,640 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.60 AC
Zoning
C2 - General Business
Parking
22 Spaces (4.89 Spaces per 1,000 SF Leased)
Frontage
172’ on Beach Blvd
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 018-041-52 | Improvements Assessment | $1,741,102 CAD |
| Land Assessment | $4,494,853 CAD | Total Assessment | $6,235,955 CAD |
PROPERTY TAXES
Parcel Number
018-041-52
Land Assessment
$4,494,853 CAD
Improvements Assessment
$1,741,102 CAD
Total Assessment
$6,235,955 CAD
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US Bank | 1970 W Whittier Blvd
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