8236 - 8276 Firestone - Storefront FOR SALE


Downey, CA 90241
$17,500,000 USD
626-482-0652
8236 - 8276 Firestone, Downey, CA for Sale
$17,500,000 USD
Storefront - FOR SALE
1/31
null | 5.56% Cap Rate

8236 - 8276 Firestone
Downey, CA 90241


HIGHLIGHTS

  • Heavy Traffic Corner Intersection
  • Dense, Infill Urban Demographics
  • Mixed of Internet Resistant Restaurant & Service Tenants
  • Heavy Foot Traffic
  • National & Local Tenant Mix
  • Excellent Exposure & Visibility

OVERVIEW

100% Leased - Prime NNN Investment Opportunity located in the heart of Downtown Downey. Downey Gateway is a 14 -Tenant, 27,088* square foot, newly revitalized restaurant and entertainment center located in the heart of Downtown Downey. The center is located on a busy intersection of Firestone Boulevard and Downey Avenue in the heart of Downtown's Downey. Downey Gateway is an exciting and iconic point of destination for local residents and visitors alike. The center is situated on 1.16 acres and comprises 4 separate building featuring an entertainment courtyard with a large screen TV for outdoor music. Convenient parking for Downey Gateway customers is assured with a large parking lot shared by the adjacent building and the city. The ideal tenant mix consists of 72% (10 out of 14), internet resistant restaurant tenants which draws in customers for evening and weekend for food and entertainment. In addition to a large percentage of internet resistant restaurant tenants, the property also has 22% (3 out of 14), internet resistant service related tenants, and 6% (1 out of 14), retail tenant. Investors will benefits from the lack of short term lease roll over as 81% of the current tenants have lease terms that do not expire until at least 2027 or later. 90% of the tenants have executed lease extensions, demonstrating their commitment and confidence in their long-term success at the property.

FOR SALE DETAILS

PRICE

$17,500,000 USD

PRICE/SF

$646 USD /SF

CAP RATE

5.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downey Gateway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

DOM2

APN/PARCEL ID

6255-003-018

ASK ABOUT THIS PROPERTY

Tom TheungMS PropertiesMore Info
626-482-0652

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Tom TheungMS PropertiesMore Info
626-482-0652

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