15831 Imperial Hwy - Storefront FOR SALE


La Mirada, CA 90638
$2,910,000 USD
909-418-2216
15831 Imperial Hwy, La Mirada, CA for Sale
$2,910,000 USD
Storefront - FOR SALE
1/7
null | 5.17% Cap Rate

15831 Imperial Hwy
La Mirada, CA 90638


HIGHLIGHTS

  • Value-Add Opportunity to purchase a 100% occupied strip center with rents on average 30% below market.
  • Perfect 1031 Exchange Candidate. Bread and Butter Strip Center.
  • Corner Location at the Signalized Intersection of Imperial Highway and Santa Gertrudes Ave with exposure to more than 55,514 cars per day.
  • Oversized Parcel at 1.28 acres. Perfect opportunity to add EV charging or future development in accordance with the Imperial Highway Specific Plan.
  • Infill, Affluent Demographics exceeding $137,442 average household income for the 193,000 residents living within 3 miles.
  • Longstanding, Internet Resistant Tenancy serving the daily needs of the surrounding community.

OVERVIEW

CBRE Investment Properties has been retained by Ownership as the exclusive marketing adviser for the Shops at La Mirada Towne Center located at 15827-15841 Imperial Highway in La Mirada, Los Angeles County, CA (“the Property”). This 100% occupied, ±9,547 SF multi-tenant strip center presents a strong mix of neighborhood tenants catering to the daily needs of the dense residential population surrounding the center. With multiple tenants operating on site for more than a decade at below market rents, investors have the ability to significantly increase cash flow over time by bringing tenants up to market rents.

FOR SALE DETAILS

PRICE

$2,910,000 USD

PRICE/SF

$305 USD /SF

CAP RATE

5.17%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops at La Mirada Towne Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

C4

APN/PARCEL ID

8035-018-027

ASK ABOUT THIS PROPERTY

Justin MarloweCBRE, Inc.More Info
909-418-2216

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Justin MarloweCBRE, Inc.More Info
909-418-2216

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