12101-12119 Garfield Ave - Storefront FOR SALE
South Gate, CA 90280 |
$2,450,000 USD
310-579-9692
12101-12119 Garfield Ave
South Gate, CA 90280
HIGHLIGHTS
- Opportunity to Maximize Value: With all 5 tenants currently on modified gross leases, an investor is offered a prime opportunity
- Below Market Rents: The existing leases are below market rates, presenting an additional value-add opportunity for a buyer to increase rental income
- Short Term Leases: With three tenants on month-to-month leases and another tenant having just ±1.5 years of term left
- High-Traffic Area: Surrounded by a mix of national and local businesses, commercial properties, and densely populated residential neighborhoods
- Strong Demographics: This property offers excellent visibility as the 5-mile population is over 900,000 and in addition to the local businesses
- Strong Growth Potential: Located in a thriving retail corridor with excellent exposure, making it an ideal investment for long-term appreciation
FOR SALE DETAILS
PRICE
$2,450,000 USD
PRICE/SF
$255 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1950
SPRINKLERS
-
PARKING SPACES
14
LAND DETAILS
LAND ACRES
0.51 AC
LAND SF
22,139 SF
ZONING
C3
APN/PARCEL ID
6243-010-040
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310-579-9692
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310-579-9692
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