12040 Paramount Blvd - Storefront Retail/Office FOR SALE


Downey, CA 90242
$2,900,000 USD
310-658-3375
12040 Paramount Blvd, Downey, CA for Sale
$2,900,000 USD
Storefront Retail/Office - FOR SALE
1/14
null | 7.78% Cap Rate

12040 Paramount Blvd
Downey, CA 90242


HIGHLIGHTS

  • Generous Parking Ratio and Visibility
  • Ideal Owner User - up to 65% of the leases expiring by May 2025
  • Stablized Leased Investment 7.06% Cap Rate - w/NNN leases on 76% of RSF
  • Adjacent to Heavy Foot Traffic - Shakey's Pizza and Extremely Popular Tempo Cantina

OVERVIEW

Kidder Mathews is the exclusive agent for a strip center in the City of Downey. This property has an excellent diversified tenant mix, with triple (NNN) net leases on 76% of the rentable square footage. An Owner User has the flexibility of occupying up to 65% of the building, since there is month-to-month and short-term lease with no options to by May 2025. This Buyer profile can enjoy a supplemental income stream from the remaining unused square footage, lowering their occupancy costs while obtaining highly leverage SBA or Conventional financing up to 90% financing. On the other hand, as a leased investment the property is a stabilized investment that yields just over a 7 Cap Rate based on in-place income from its current tenants.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$566 USD /SF

CAP RATE

7.78%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Strip Center 7.78% Cap In-Place & Owner User

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

DOC1

APN/PARCEL ID

6259-003-054

ASK ABOUT THIS PROPERTY

Jay MartinezKidder MathewsMore Info
310-658-3375

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Jay MartinezKidder MathewsMore Info
310-658-3375

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