10944 South St - Auto Dealership FOR SALE


Cerritos, CA 90703- ABC
$8,500,000 USD
310-428-4116
10944 South St, Cerritos, CA for Sale
$8,500,000 USD
Auto Dealership - FOR SALE
1/37
null | Request Cap Rate

10944 South St
Cerritos, CA 90703
ABC


HIGHLIGHTS

  • Location: Situated on South St, Just off the 605 FWY-South St exit, Within the Prestigious Cerritos Auto Square
  • Surrounded by Top-Tier Automotive Dealerships and High Traffic Areas
  • Located in and Affluent Local Submarket With a Dense Immediate Population, Ensuring Strong Traffic and Visibility
  • 85,308 Square Foot Lot with 293 Feet of Frontage on South Street and 117 Feet of Frontage on Studebaker Rd
  • Significant Rental Upside and High Demand Space For Tenants in The Auto Industry

OVERVIEW

10944 South Street, Cerritos, CA 90703 presents an exceptional single-tenant leased NNN investment opportunity with minimal landlord responsibility. The property spans an impressive 1.96 acres of prime land, ideally located within the renowned Cerritos Auto Square, the world's largest auto mall. This strategic location is home to a single tenant, Mitsubishi Motors-New Sales/Parts/Service Center, offering a secure and stable income stream. The subject property offers a rare and highly sought-after opportunity for investors seeking long-term stability with minimal oversight. Mitsubishi Motors, an established and trusted brand in the automotive industry, occupies the space under a NNN lease. The tenant has full responsibility for all property maintenance outside of maintaining the roof and foundation which are the landlord's responsibilities. The tenant is also fully responsible for payment of property insurance and property taxes, with NO TENANT PROP 13 PROTECTION - meaning, the increase in property taxes after the sale will be a continued responsibility of the tenant.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$527 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cerritos Auto Square - Mitsubishi Motors

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,308 SF

ZONING

CEADP5

APN/PARCEL ID

7049-014-011

ASK ABOUT THIS PROPERTY

Glenn BranderBrander Investment GroupMore Info
310-428-4116

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Glenn BranderBrander Investment GroupMore Info
310-428-4116

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.