7320-7340 Firestone Blvd - Storefront Retail/Office FOR SALE
Downey, CA 90241 |
7320-7340 Firestone Blvd
Downey, CA 90241
HIGHLIGHTS
- UNLOCKING HIDDEN VALUE: Currently 74.40% occupied with all gross leases, West Downey Plaza presents a prime opportunity
- BELOW MARKET RENTAL RATES: On average, it is estimated that there are 22 leases at West Downey Plaza currently below prevailing rates
- FLEXIBLE LEASE TERMS: Approximately 40% of tenants are on month-to-month leases, providing immediate flexibility to implement more favorable NNN
- STRATEGIC LOCATION ADVANTAGE: Strategically located on Firestone Blvd with high visibility and accessibility
- STRONG DEMOGRAPHIC SUPPORT: Surrounded by a robust residential community of over 272,183 people within a 3-mile radius
- ADDITIONAL REVENUE OPPORTUNITIES: Investors can leverage the ±130,000 SF lot by re-developing or leasing available outparcels
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
West Downey Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
48440
STORIES
2
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
160
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
6231-002-006
