Whittier Shopping Center

11330 Washington Boulevard, Whittier, CA

$6,500,000

Price

6.4%

Cap Rate

2.12 sqft

Building Size

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Street
Map
Overview
Cap Rate
6.4%
Building Size
2.12 sqft
Description

LES, Inc. is pleased to present a rare opportunity to acquire and redevelop the Whittier Shopping Center consisting of 19,500+/- SF of building on 2.12+/- acres of land located on a signalized corner in Whittier, California. The property is currently 100% occupied by Seven tenants, on a month-to-month basis, ideally positioned for a developer or value-add buyer. The property is currently zoned SSC4* Commercial however the sites infill location and proximity to both residential and commercial properties lends well to a future mixed-use development (refer to OM for Conceptual Development Plans). The site offers prime exposure and accessibility with approximately 260 ft. of commercial frontage along Washington Blvd. and 544 ft. along Broadway Ave. This unique commercial redevelopment opportunity is being offered for sale to qualified investors at a price of $6,500,000 or $70 per square foot of land. The Whittier Shopping Center offers an investor a 2+ acre commercially zoned parcel of land in a prime location with immediate upside through rent growth and generational income through future redevelopment.

Highlights
  • Rare 2.12 Acre Redevelopment Site on Major Retail Corridor
  • Existing In-Place NNN Income with Month-to-Month Tenancy
  • Excellent Value Add Opportunity -Current Rent 52% Below Market
  • Located on Signalized Corner of Washington Blvd. & Broadway Ave.
  • May be Acquired as Part of a 4 Property Portfolio
  • Dense Infill Location - 500,000 w/in 5 mile radius
  • Fully Equipped Restaurant with Type 47 Liquor License
  • Ideal 1031 Exchange: Property Offered Free & Clear of Debt
  • Direct access to the 605 Freeway with over 265,000 Daily Commuters
  • Proposed Gold Line Extension Along Washington Blvd.
Documents
Location
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