7201 Broadway - Freestanding FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens
$2,150,000 USD
323-471-4747
7201 Broadway, Los Angeles, CA for Sale
$2,150,000 USD
Freestanding - FOR SALE
1/4
null | 6% Cap Rate

7201 Broadway
Los Angeles, CA 90003
Canndu/Avalon Gardens


HIGHLIGHTS

  • A rare low price point strip center with strong current income & A value-add component.
  • Strategically positioned at a signalized hard corner intersection with 66,000+ cars per day, ensuring tremendous visibility.
  • A well-curated lineup of businesses catering to the area’s strong local demand, providing stability and synergy.
  • Highly dense infill area with a population of over 1MM within a 5 mile radius.
  • Internet and recession proof tenants catering to local residents
  • Close proximity to the I-110 FWY and over 311,000 daily commuters.

OVERVIEW

A rare L-Shaped strip center with a great mix of daily needs internet resistant tenants. This strip center is strategically positioned on a signalized hard corner at one of the city's busiest intersections - the south west corner of Broadway and Florence Ave. With traffic counts exceeding 66,000 cars per day at this intersection, the center and its tenants benefit from exceptional visibility and easy access. In addition to the massive traffic counts, the center is situated in a highly dense infill area with a population of over 69,000 within a 1 mile radius of the property, and over 1MM within a 5 mile radius. This is a highly visible, well located center which caters to the local community. The center totals 6,245 square foot, features 6-units, and a diverse mix of tenants which include food tenants, beauty services and a mini market. All tenant have NNN leases with annual increases. Other area tenants include Jack In-The-Box, Winchell's Donut, Burger King, McDonald's & Pizza Hut. Value add component: The desirable end-cap unit, which is occupied/used by the Seller, will be delivered vacant at the close of escrow. This provides a great opportunity to lease up the space, increase the current income, and achieve an attractive 7.56% CAP rate. This presents a rare opportunity to acquire a well-located, low-priced L-shaped center in a densely populated area.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$344 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Broadway & Florence Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C2-1VL

APN/PARCEL ID

6031-003-014

ASK ABOUT THIS PROPERTY

Rami MeherabanPeak CommercialMore Info
323-471-4747

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Rami MeherabanPeak CommercialMore Info
323-471-4747

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