13516 Telegraph Rd, Whittier, CA 90605
8,675 SF | 80% Leased | Retail Building | Whittier, CA 90605 | $2,625,000 ($303/SF) | 7.20% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,625,000
- Property Type
-
Retail
- Square Feet
- 8,675 SF
- Price / Square Foot
- $303
Listing Contacts
Justin Marlowe
Verified Profile
- Property Info
Property Overview
CBRE Investment Properties has been retained by Ownership as the exclusive marketing adviser for the fee simple interest in 13516 Telegraph Road, Whittier (unincorporated Los Angeles County), CA (“the Property”). Situated on a 24,084 SF site, the Property encompasses 8,675 SF across two auto/retail/office buildings and features multiple points of ingress/egress on Telegraph Road as well as through the driveway running behind the property. At roughly 80% occupancy by mostly auto-related businesses on MTM leases at below market gross rents, 13516 Telegraph Road is an ideal owner/user, value-add investment or redevelopment opportunity. 7.2% Pro Forma Cap Rate.
Property Details
- Class
- C
- Year Built
- 1960
- Stories
- 3
- Property Subtype
- Vehicle Related, Storefront Retail/Office
- Lot Size (sq. ft)
- 23,958 SF
Highlights
- 7.2% Pro Forma Cap Rate
- Ideal Owner/User Opportunity to occupy part or all of the site including 4 auto bays
- Tremendous Value-Add Investment to restructure the MTM leases and bring rents up to market
- Infill, Affluent Demographics with 199,000 residents having an AHHI of $108,722 within 3 miles
- Longstanding Tenancy on MTM leases provided ultimate flexibility for new ownership
- High Barriers to Entry/Tight Market Fundamentals
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