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9435 Firestone Boulevard
Downey, CA 90241

Price: $3,400,000 Zoning: DOC1
Bldg SF: 20,200 SF Price/SF: $168
Land SF: 43,000 SF Price/SF(Land): $79
Year Built:  1966 Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Address: 9435 Firestone Boulevard, DoWney, VA 90241
Bldg SF: 20,200 SF
Land SF: 43,000 SF
Price/SF: $168
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

Unique Opportunity to Acquire a 20,200 SF building Significantly below replacement costs situated on Approximately One Acre of Land in a Dense Urban Infill Los Angeles County Location

 

  • Existing 20,200 square foot building available significantly below replacement costs presents unique value-add opportunity

  • 43,000 square feet of land zoned DOC1 creates the potential for a covered land opportunity or re-development of the site

  • Building will be delivered vacant at the close of escrow

  • Multitude of Potential Options with the site

  • An Owner-User Buyer can take advantage of historically low SBA financing options and occupy a portion or all of all the existing structure

 

Excellent Downey Location

 

  • 165 feet of linear frontage with excellent visibility along Firestone Boulevard, the main retail thoroughfare through Downey

  • Strong daily traffic counts along Firestone Boulevard north of 51,000 vehicles per day

  • Dense retail corridor home to a strong tenant mix with national and local tenants that ideally serve the dense immediate population

  • Excellent access to the 605, 105, and 5 freeways

  • Centralized Los Angeles County location within close proximity to downtown Los Angeles, all major freeways, and Los Angeles International Airport

 

Ideally Located Amongst a Sea of National Retailers, Restaurants, and Credit Tenants

 

  • Located adjacent to Stonewood Shopping Mall and amongst a sea of local and national retailers

  • Surrounding tenants include Starbucks, Chili’s, Chipotle, Panera Bread, Old Navy, Party City, Marshalls, Michaels, Best Buy, Walmart, Staples, Bed Bath & Beyond, Kohl’s, Macy’s, H&M, Rock & Brews, Buffalo Wild Wings, BJ's Brewhouse Restaurant, Raising Cane’s, Chick Filet, McDonald’s, Bank of America, In-N-Out Burger, Walmart, Dunkin Donuts, Ralphs, Dollar Tree, Chase Bank and El Pollo Loco

  • Less than a mile from the PIH Health Downey Hospital

 

Dense Infill Los Angeles County Sub-Market with Strong immediate Demographics

 

  • Over 22,000 people within one mile of the subject property and over 258,000 people within three miles

  • Average income north of $94,000 within one mile of the subject property

  • Median income north of $73,000

  • Strong job growth in the immediate area

  • Dense single-family homes surround the subject property with a median home value of $648,433