2268-2270 Honolulu Ave 13,150 SF 100% Leased Retail Building Montrose, CA 91020 $7,569,912 CAD ($575.66 CAD/SF) 4.50% Cap Rate

2268-2270 Honolulu Avenue offers the opportunity to acquire a multi-tenant commercial asset in the heart of Montrose. The 13,150-square-foot building, originally constructed in 1939, is currently occupied by three tenants, providing an established income-producing environment. The property's long-standing presence within the community and existing occupancy create a foundation for continued commercial use.
A notable feature of the tenancy is a spa operator that has invested approximately $3 million in tenant improvements, demonstrating a significant commitment to the location and enhancing the functionality of its space. These improvements represent a substantial investment by an existing tenant and contribute to the property's overall appeal.
The asset also benefits from convenient parking accommodations, with a city-owned parking lot located directly behind the building. This parking resource supports customer and visitor access and complements the property's commercial use. Combined with its multi-tenant configuration, historic character, and established occupancy, the property presents an opportunity for investors seeking a commercial asset with existing tenants and a proven operating history.