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Commercial/Value-Add Redevelopment Project 8856 Rosecrans Ave 21,032 SF 100% Leased Retail Building Downey, CA 90242 $5,835,633 CAD ($277.46 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Located at busy intersection of Rosecrans Avenue and Lakewood Boulevard
Executive Summary
- Value-add / or ground up redevelopment opportunity - The current site allows for a multitude of uses including: utilizing the existing business/industrial park as an owner/user, value-add opportunity through renovations and bringing rents up to market, and/or full redevelopment into commercial retail QSR/fast food use, etc.
- The Subject Property features well below market rents - The current rents at the property average $0.70 psf MG - Market rents are approximately 400% higher ($2.00 PSF NNN), allowing for significant upside for the new Owner
- Ideally located at busy intersection of Rosecrans Avenue and Lakewood Boulevard with over 56,613 vehicles passing by daily
- Top retail intersection surrounded by other national retailers including Walmart, El Super, Food 4 Less, Walgreens, Chase Bank, McDonald’s, Wendy’s, El Pollo Loco, Carl’s Jr., Taco Bell, etc.
- Dense / Infill Los Angeles (Downey) Location - There are approx. 800,000 residents living within a 5-mile radius of the property, making this a highly desirable location for most national retailers/tenants
- The Subject Property features well below market rents - The current rents at the property average $0.70 psf MG - Market rents are approximately 400% higher ($2.00 PSF NNN), allowing for significant upside for the new Owner
- Ideally located at busy intersection of Rosecrans Avenue and Lakewood Boulevard with over 56,613 vehicles passing by daily
- Top retail intersection surrounded by other national retailers including Walmart, El Super, Food 4 Less, Walgreens, Chase Bank, McDonald’s, Wendy’s, El Pollo Loco, Carl’s Jr., Taco Bell, etc.
- Dense / Infill Los Angeles (Downey) Location - There are approx. 800,000 residents living within a 5-mile radius of the property, making this a highly desirable location for most national retailers/tenants
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
21,032 SF
Building Class
C
Year Built
1976
Price
$5,835,633 CAD
Price Per SF
$277.46 CAD
Cap Rate
8.50%
NOI
$495,754 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Lot Size
0.89 AC
Zoning
DOC2* - Commercial
Frontage
106’ on Rosecrans Avenue
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6268-001-014 | Improvements Assessment | $942,314 CAD |
| Land Assessment | $471,111 CAD | Total Assessment | $1,413,425 CAD |
Property Taxes
Parcel Number
6268-001-014
Land Assessment
$471,111 CAD
Improvements Assessment
$942,314 CAD
Total Assessment
$1,413,425 CAD
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Commercial/Value-Add Redevelopment Project | 8856 Rosecrans Ave
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