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Plaza West Covina 318 S California Ave 46,786 SF 88% Leased Retail Building West Covina, CA 91790 For Sale



INVESTMENT HIGHLIGHTS
- Prime Location Adjacent to Top Regional Mall
- Immediate NOI Growth Opportunity Through Lease-Up
- Highly Dense Trade Area With Abundant Rooftops Surrounding The Property
- Diverse Credit Tenant Roster with Nationally Recognized Brands
EXECUTIVE SUMMARY
JLL is pleased to present Plaza West Covina, a 46,786 square foot retail center located in West Covina, CA, adjacent to one of California’s top-performing regional malls. The property features a premier national and regional tenant roster including Bank of America, Jamba Juice, Gen Korean BBQ House, California Fish Grill, Urbane Café, America’s Best Contacts & Eyeglasses, and SchoolsFirst Federal Credit Union.
Plaza West Covina is 87.6% occupied, offering a compelling immediate NOI growth opportunity through lease-up of approximately 5,800 square feet of vacant shop space. Existing tenants benefit from the close proximity to the Plaza West Covina Mall while paying below market rents creating an opportunity for future rent growth as new leases are executed and shop spaces are brought to market.
Located in a dense trade area with over 219,000 people within a three-mile radius and $121,880 average household income, Plaza West Covina benefits from exceptional consumer demand, substantial daily foot traffic generated by the adjacent Plaza West Covina mall, and outstanding visibility and access from major thoroughfares.
Plaza West Covina is 87.6% occupied, offering a compelling immediate NOI growth opportunity through lease-up of approximately 5,800 square feet of vacant shop space. Existing tenants benefit from the close proximity to the Plaza West Covina Mall while paying below market rents creating an opportunity for future rent growth as new leases are executed and shop spaces are brought to market.
Located in a dense trade area with over 219,000 people within a three-mile radius and $121,880 average household income, Plaza West Covina benefits from exceptional consumer demand, substantial daily foot traffic generated by the adjacent Plaza West Covina mall, and outstanding visibility and access from major thoroughfares.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
46,786 SF
Building Class
B
Year Built
1994
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
Accommodation and Food Services | - | - | Jan 0000 |
Walk Score®
Very Walkable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 8474-007-034 | Improvements Assessment | $14,339,571 CAD |
| Land Assessment | $2,023,673 CAD | Total Assessment | $16,363,244 CAD |
PROPERTY TAXES
Parcel Number
8474-007-034
Land Assessment
$2,023,673 CAD
Improvements Assessment
$14,339,571 CAD
Total Assessment
$16,363,244 CAD
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Plaza West Covina | 318 S California Ave
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