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390 N Citrus Ave
Azusa, CA 91702
University Promenade · Retail Property For Sale
Investment Highlights
- Quintessential Retail Strip Center – University Promenade is a ±61,106 SF strip center anchored by Planet Fitness (opening Fall 2026)
- Strong Leasing Momentum – 7 new leases totaling ±26,145 SF were signed in the past 12 months, alongside renewals by APU Counseling Center and Goodyear
- High-Traffic, Prime Accessibility – Strategically positioned along E Alosta Ave (±26,000 CPD) and N Citrus Avenue (±20,500 CPD)
- Immediate Value-Add Through Lease-Up – At 78% current occupancy, 6 suites totaling 13,524 SF are currently available for lease
- Regional Retail Location – Located directly across from Azusa Pacific University (APU) and adjacent to Stater Bros. and Sprouts-anchored centers
Executive Summary
* Quintessential Retail Strip Center – University Promenade is a ±61,106 SF strip center anchored by Planet Fitness (opening Fall 2026), featuring a synergistic mix of medical, restaurant, and service-retail tenants that generate consistent daily traffic and establish the center as a true neighborhood necessity for the surrounding trade area
* Immediate Value-Add Through Lease-Up – At 78% current occupancy, 6 suites totaling 13,524 SF are currently available for lease, providing an immediate opportunity to add value and increase NOI upon acquisition
* Strong Leasing Momentum – 7 new leases totaling ±26,145 SF were signed in the past 12 months, alongside renewals by APU Counseling Center and Goodyear Tires, reflecting strong tenant demand and conviction in the long-term viability of the location
* Regional Retail Location – Located directly across from Azusa Pacific University (APU) and adjacent to a brand-new double drive-through Chick-fil-A, as well as Stater Bros. and Sprouts-anchored centers, with surrounding tenants including In-N-Out Burger, Raising Cane’s and more
* High-Traffic, Prime Accessibility – Strategically positioned along E Alosta Ave (±26,000 CPD) and N Citrus Avenue (±20,500 CPD), just half a mile from I-210 (±253,500 CPD), ensuring exceptional visibility and accessibility along the San Gabriel Valley’s primary corridors
* Immediate Value-Add Through Lease-Up – At 78% current occupancy, 6 suites totaling 13,524 SF are currently available for lease, providing an immediate opportunity to add value and increase NOI upon acquisition
* Strong Leasing Momentum – 7 new leases totaling ±26,145 SF were signed in the past 12 months, alongside renewals by APU Counseling Center and Goodyear Tires, reflecting strong tenant demand and conviction in the long-term viability of the location
* Regional Retail Location – Located directly across from Azusa Pacific University (APU) and adjacent to a brand-new double drive-through Chick-fil-A, as well as Stater Bros. and Sprouts-anchored centers, with surrounding tenants including In-N-Out Burger, Raising Cane’s and more
* High-Traffic, Prime Accessibility – Strategically positioned along E Alosta Ave (±26,000 CPD) and N Citrus Avenue (±20,500 CPD), just half a mile from I-210 (±253,500 CPD), ensuring exceptional visibility and accessibility along the San Gabriel Valley’s primary corridors
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
61,106 SF
Building Class
C
Year Built
1984
NOI
$1,546,136 CAD
Percent Leased
53%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
4.46 AC
Zoning
AZC3* - General Commercial
Parking
250 Spaces (3.42 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 8628-004-166 | Improvements Assessment | $8,344,915 CAD |
| Land Assessment | $20,227,771 CAD | Total Assessment | $28,572,686 CAD |
Property Taxes
Parcel Number
8628-004-166
Land Assessment
$20,227,771 CAD
Improvements Assessment
$8,344,915 CAD
Total Assessment
$28,572,686 CAD
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