The Offering
8800 Alondra Blvd., is located in a densely populated area of Los Angeles County, approximately one mile from the 91 freeway. This newly constructed neighborhood center offers excellent cash flow and long-term NNN leases with well established recession resistant tenants. This is irreplaceable multi-tenant NNN medical office/retail real estate on a hard corner in beautiful Southern California.
-
BUILDING AREA: ± 6,000 Square Feet
-
RENTABLE SQUARE FEET: ± 5,949 Square Feet
-
SITE AREA: ± 16,553 Square Feet
-
CURRENT OCCUPANCY: 100%
-
NUMBER OF TENANTS: Two (2)
-
UNIT SIZES: ± 2,422 & ± 3,527 Square Feet
-
AVERAGE LEASE TERM REMAINING: Seven (7) Years
-
LEASE TYPE: NNN
-
NET OPERATING INCOME: $204,261.36
-
ASKING PRICE: $3,999,000 ($666.50/SF)
-
CAP Rate: 5.10%
Investment
Highlights
-
Newly constructed neighborhood center with work completed in 2019
-
Immaculately maintained center with attractive architecture
-
100% occupied with 7+ years left on the leases
-
Two (2) long term leases to established and successful tenants
-
Recession resistant medical tenants (Family Practice and Dental tenants).
-
Annual rental increases
-
NNN leases minimize Landlord management, maintenance, and expenses
-
Strong cash flow, excellent 1031 exchange opportunity
-
Strong local demographics
-
Hard corner location near intersection of Lakewood Blvd. and Alondra Blvd
-
Approximately one (1) mile from the 91 freeway
Site Plan
Nearby Amenities
