7320-7340 Firestone Blvd - Storefront Retail/Office FOR SALE


Downey, CA 90241
$13,950,000 USD
310-601-7705
7320-7340 Firestone Blvd, Downey, CA for Sale
$13,950,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | 4.27% Cap Rate

7320-7340 Firestone Blvd
Downey, CA 90241


OVERVIEW

- UNLOCKING HIDDEN VALUE: Currently 68.25% occupied with all gross leases, West Downey Plaza presents a prime opportunity to enhance operational efficiency, reduce expenses, and significantly increase NOI through lease conversions. - BELOW MARKET RENTAL RATES: On average, it is estimated that there are 22 leases at West Downey Plaza currently below-prevailing rates, further enhancing the value-add opportunity. - FLEXIBLE LEASE TERMS: Approximately 31% of tenants are on month-to-month leases, providing immediate flexibility to implement more favorable triple net leases, ensuring stabilized income streams and heightened predictability. - STRATEGIC LOCATION ADVANTAGE: Strategically located on Firestone Blvd with high visibility and accessibility, West Downey Plaza benefits from over 40,600 vehicles daily, ensuring optimal tenant and customer engagement. - STRONG DEMOGRAPHIC SUPPORT: Surrounded by a robust residential community of over 248,000 people within a 3-mile radius, the plaza benefits from a steady flow of potential customers for retail businesses. - ADDITIONAL REVENUE OPPORTUNITIES: Investors can leverage the ±135,000 SF lot by re-developing or leasing available outparcels, thereby enhancing potential income growth and maximizing investment returns. Broker of Record David Harrington License No. 02168060 (CA)

FOR SALE DETAILS

PRICE

$13,950,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

4.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Downey Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

160

LAND DETAILS

LAND ACRES

3.12 AC

LAND SF

135,980 SF

ZONING

C4

APN/PARCEL ID

6231-002-006

ASK ABOUT THIS PROPERTY

Hunter LambertMatthews Real Estate Investment ServicesMore Info
310-601-7705

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Hunter LambertMatthews Real Estate Investment ServicesMore Info
310-601-7705

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