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1111-1153 Washington Blvd
Montebello, CA 90640
Commerce de détail Propriété À vendre
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Value-Added Opportunity through Leasing & Management
- $256/SF; Below Replacement Costs
- Signalized Intersection; Access from Washington Blvd. & Greenwood Ave
- Low Lease Rates; Significant Rental Upside
- Large Parcel of 2.27 Acres- Potential Redevelopment
RÉSUMÉ DE L'ANNONCE
Marus & Millichap Real Estate Investment Service is pleased to present the opportunity to acquire the Fiesta Plaza & Auto Center located in Montebello, CA. This property is a value-added opportunity through improved management and rental rates. Presently, the property has low lease rates and a 5,500 vacant restaurant. Also, a new owner may have the option to divide this building into smaller retail suites, thus commanding higher lease rates for this space. Given the parcel size of 2.27 acres, the site will offer future redevelopment options as well. The site has access from both Washington Boulevard and Greenwood Avenue. Most of the property appears to have been built in 1956.
The subject property is improved with strip commercial retail buildings totaling 37,045 rentable square feet. There are four buildings on the site. Two of the buildings consist of general retail buildings of 21,820 SF (15 units), one is the former El Muchacho Alegre Restaurante of 5,500 SF, and an automotive service/retail building consisting of 9,725 SF (10 units). The property has a total of 26 units.
Please DO NOT disturb the tenants. For further information, please contact the listing agents.
The subject property is improved with strip commercial retail buildings totaling 37,045 rentable square feet. There are four buildings on the site. Two of the buildings consist of general retail buildings of 21,820 SF (15 units), one is the former El Muchacho Alegre Restaurante of 5,500 SF, and an automotive service/retail building consisting of 9,725 SF (10 units). The property has a total of 26 units.
Please DO NOT disturb the tenants. For further information, please contact the listing agents.
FAITS SUR LA PROPRIÉTÉ Sous contrat
Type de vente
Investissement
Type de propriété
Commerce de détail
Taille du bâtiment
37 045 pi²
Classe d’immeuble
B
Année de construction
1956
Prix
13 086 045 $ CAD
Prix par pi²
353,25 $ CAD
Taux de capitalisation
4,02%
Revenu net d’exploitation
525 873 $ CAD
Pourcentage loué
85%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,37
Taille du lot
2,27 AC
Zonage
M1 - Fabrication légère
Stationnement
131 places (3,54 places par 1 000 pi² loué)
Façade
246’ sur Washington Blvd
COMMODITÉS
- Ligne d'autobus
- Affichage
- Intersection avec signalisation
Impôts fonciers
| Numéro de lot | 6353-017-014 | Évaluation des bâtiments | 6 096 390 $ CAD |
| Évaluation du terrain | 1 875 793 $ CAD | Évaluation totale | 7 972 183 $ CAD |
Impôts fonciers
Numéro de lot
6353-017-014
Évaluation du terrain
1 875 793 $ CAD
Évaluation des bâtiments
6 096 390 $ CAD
Évaluation totale
7 972 183 $ CAD
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