2550-2570 Slauson Ave, Huntington Park, CA 90255
2 Retail Properties Offered at $13,995,000 in Huntington Park, CA
Asking Price $13,995,000
- Property Type
-
Retail
- Square Feet
- 32,095 SF
Listing Contacts
Ponnie Saeidian
Property Overview
Don’t miss out on this exciting opportunity to acquire a fully leased 22,042 square-foot center in Huntington Park, Los Angeles County. Lugo Plaza is currently 100% occupied with a diverse mix of medical, retail, office and daily needs tenants. The current tenant lineup features staggered lease expirations and boasts a well-established mix of tenants, including national credit tenants. All tenants were established before the COVID-19 pandemic and have all survived and are continuing to thrive. Over 80% of the current tenants are essential businesses and stayed open through the pandemic.
All the property’s current tenants operate on NNN leases and pay for their proportionate share of taxes, insurance, management, and common area maintenance. Additionally, the property potentiates tremendous upside and a significant value-add opportunity through rental increases.
Located on a major intersection and hub for public transportation, the property is highly trafficked by both pedestrian and automobile patrons. The McDonald’s on a pad-site has a drive-through, which brings constant exposure to the property.
All the property’s current tenants operate on NNN leases and pay for their proportionate share of taxes, insurance, management, and common area maintenance. Additionally, the property potentiates tremendous upside and a significant value-add opportunity through rental increases.
Located on a major intersection and hub for public transportation, the property is highly trafficked by both pedestrian and automobile patrons. The McDonald’s on a pad-site has a drive-through, which brings constant exposure to the property.
Highlights
- Strong Anchored Tenants: The property is anchored by strong and committed tenants, a majority of which have been at the property since 1985.
- Essential Businesses: This property provides financial security, as 80% of tenants are essential businesses that remained open during the pandemic.
- Newly Renovated: Lugo Plaza is a like-new center with recent renovations including: new roof with a 20-year warranty, new balconies, new façade.
- Security: Newly installed security cameras at every angle. Controlled entry, as each tenant has a key fob to enter secured facilities.
- Diverse Tenant Mix: The tenant lineup features staggered lease expirations and boasts a diverse mix of national and regional credit tenants.
- Triple Net Lease Structures: 100% of the current tenants have triple net leases.
All available spaces
- Space
- Size
- 24,140 SF
- Space Subtype
- Retail
- Space
- Size
- 7,955 SF
- Space Subtype
- Retail
Nearby Properties
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