La Habra Auto Center
16,538 SF | 100% Leased | Retail Building | La Habra, CA 90631 | $5,300,000 ($320/SF) | 6.98% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,300,000
- Property Type
-
Retail
- Square Feet
- 16,538 SF
- Price / Square Foot
- $320
Listing Contacts
Jason Vieira
Verified Profile
Tommas Golia
Verified Profile
Colton Speas
Verified Profile
- Property Info
Property Overview
100% Leased Multi-Tenant Automotive Repair property consisting of two buildings: Bldg 731 of 8,319 SF & Bldg 741 of 8,219 SF. 6.98% Proforma CAP Rate based on $2.35/sf Gross Effective Rents. Current Rents well below market providing excellent value-add investment and flexible lease terms allow for immediate revenue increases or potential owner/user scenario. Approximately 6,600 SF are MTM/2024 expirations with the latest Lease expiration being Q3 2026- 100% turnover possible within 2 years. Eleven suites ranging from 812 SF to 2,110 SF are very marketable and there’s rarely a vacancy. Abundant 3.9:1,000 SF parking ratio totaling 64 spaces, 19 oversize overhead doors, 37,859 vehicles per day on West Whittier Blvd. Please do not disturb tenants- contact Jason for full OM including financials and rent roll.
Property Details
- Class
- B
- Year Built
- 1972
- Stories
- 1
- Property Subtype
- Vehicle Related, Manufacturing, Service
- Lot Size (sq. ft)
- 49,223 SF
Highlights
- 6.98% Proforma CAP Rate
- Flexible Lease Terms Provide Owner/User Opportunity
- Eleven Suites Ranging From 812 SF to 2,110 SF
- Abundant 64 Parking Spaces or 3.9:1,000 Ratio
- 100% Occupancy
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