Covina School or Medical Office Opportunity

Highlights:

• SUPERB LOCATION: Located in close proximity to Eastland Center outdoor mall, IKEA In-N-Out, the I-10 Freeway, and many great elementary, middle, and high schools.
• SUITABLE FOR MANY USES: Currently a Preschool/ Kindergarten, but is suitable for professional office, medical, and retail uses.
• OWNER-USER OPPORTUNITY: The current tenant has a short lease, which will potentially give an owner-user the opportunity to occupy the property.
• STRONG DEMOGRAPHICS: 172,000+ people within a 1-mile radius with a median household income above $80,000 a year.
• HIGH WALK SCORE: Subject property is located in a very walkable area and has an 84 walk score.
• OVERSIZED PARCEL: The three parcels make up about 0.54 Acres, which include two separate buildings, parking, and large outdoor play area.

Description:

Kidder Mathews is pleased to present the following preschool property for sale in the city of Covina, which is located in Los Angeles County, CA.

This is a rare opportunity for an owner-user or an investor looking to own an oversized parcel (0.54 Acres) suitable for many uses. The C-P commercial, administrative and professional office zone is intended to provide for the development of an integrated office and professional zone wherein all of the related types of uses and facilities may be located. These three parcels are best suited for schools, medical, professional office, or general retail users. This is the only existing school use property available for purchase in a 5-mile radius. CoStar Estimated Rent is approximately $1.20/SF/Month NNN for the area. If you achieve this rent as an investor, that translates into a 6.49% CAP Rate at list price.

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