8856 Rosecrans Ave, Downey, CA 90242
21,032 SF | 100% Leased | Retail Building | Downey, CA 90242 | For Sale
For Sale
Active
- Sale Condition
- 1031 Exchange
- Property Type
-
Retail
- Square Feet
- 21,032 SF
Listing Contacts
Tom Chichester
Nick D'Argenzio
Property Overview
- Value-add / redevelopment opportunity - The current site allows for a multitude of uses including: utilizing the existing business/industrial park as an owner/user, value-add opportunity through renovations and bringing rents up to market, and/or full redevelopment into commercial retail QSR/fast food use, etc.
- The Subject Property features well below market rents - The current rents at the property average $0.70 psf MG - Market rents are approximately 400% higher ($2.00 PSF NNN), allowing for significant upside for the new Owner
- Ideally located at busy intersection of Rosecrans Avenue and Lakewood Boulevard with over 56,613 vehicles passing by daily
- Top retail intersection surrounded by other national retailers including Walmart, El Super, Food 4 Less, Walgreens, Chase Bank, McDonald’s, Wendy’s, El Pollo Loco, Carl’s Jr., Taco Bell, etc.
- Dense / Infill Los Angeles (Downey) Location - There are approx. 800,000 residents living within a 5-mile radius of the property, making this a highly desirable location for most national retailers/tenants
- The Subject Property features well below market rents - The current rents at the property average $0.70 psf MG - Market rents are approximately 400% higher ($2.00 PSF NNN), allowing for significant upside for the new Owner
- Ideally located at busy intersection of Rosecrans Avenue and Lakewood Boulevard with over 56,613 vehicles passing by daily
- Top retail intersection surrounded by other national retailers including Walmart, El Super, Food 4 Less, Walgreens, Chase Bank, McDonald’s, Wendy’s, El Pollo Loco, Carl’s Jr., Taco Bell, etc.
- Dense / Infill Los Angeles (Downey) Location - There are approx. 800,000 residents living within a 5-mile radius of the property, making this a highly desirable location for most national retailers/tenants
Property Details
- Class
- C
- Year Built
- 1976
- Stories
- 1
- Property Subtype
- Vehicle Related, Freestanding, Warehouse, Service
- Lot Size (sq. ft)
- 38,768 SF
Highlights
- Located at busy intersection of Rosecrans Avenue and Lakewood Boulevard
Nearby Properties
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