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9345-9361 Alondra Blvd 9,276 SF 100% Leased Retail Building Bellflower, CA 90706 $7,124,000 CAD ($768.00 CAD/SF) 4.10% Cap Rate
Executive Summary
Very well kept retail building with 6 units and a billboard, in a desirable section of the City of Bellflower CA. The building is 9276 square feet built on a 0.51 acre lot, and is situated on the NW corner of Alondra Blvd and Clark Avenue. The tenants are long term tenants and include Domino's pizza, Granny's Donuts, Thai Restaurant, Electric Bikes, Hair Salon, and Nail Salon. Improvements in excess of $150,000 have been done among which are:
New recessed lighting across the building with new sensors in the electric room; Two of the units were completely remodeled; New 100 feet sewer line which is connected to the street sewer line; Roof was refurbished; Five(5) new HVAC units were installed; Parking Lot to be resurfaced and restriped (this is a work in progress and owners are waiting for the permit to be issued from the City of Bellflower).
New recessed lighting across the building with new sensors in the electric room; Two of the units were completely remodeled; New 100 feet sewer line which is connected to the street sewer line; Roof was refurbished; Five(5) new HVAC units were installed; Parking Lot to be resurfaced and restriped (this is a work in progress and owners are waiting for the permit to be issued from the City of Bellflower).
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
9,276 SF
Building Class
C
Year Built
1979
Price
$7,124,000 CAD
Price Per SF
$768.00 CAD
Cap Rate
4.10%
NOI
$292,084 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.51 AC
Zoning
CG
Parking
32 Spaces (3.45 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6271-020-018 | Improvements Assessment | $1,469,762 CAD |
| Land Assessment | $3,527,430 CAD | Total Assessment | $4,997,192 CAD |
Property Taxes
Parcel Number
6271-020-018
Land Assessment
$3,527,430 CAD
Improvements Assessment
$1,469,762 CAD
Total Assessment
$4,997,192 CAD
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9345-9361 Alondra Blvd
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