212 S. Atlantic boulevard
PRICE
BUILDING SIZE
LOS ANGELES, CA 90022
$4,000,000
14,276 SF
ZONING
SP
PRICE/SF
$280
LOT SIZE
16,625 SF
PRICE/SF LAND
$241
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is Pleased to Present 212 S. Atlantic Boulevard, 14,276 Square Foot, 100% Occupied Value-Add Shopping Center Located Directly off the California State Route 60 Pomona Freeway in the Dense, Urban Infill Los Angeles County Submarket of East Los Angeles, CA. The center sits just north of the signalized intersection of S. Atlantic Boulevard and Pomona Boulevard, surrounded by strong national retailers and dense residential. Freeway Plaza is currently the home to a seasoned tenant base of local tenants that ideally serve the immediate area. The average length of occupancy of the existing tenant base is 8.13 years, with most leases being month to month or expiring in the near term. Freeway Plaza contains 13 units, seven on the ground floor and six on the second story. The average unit size of the ground floor and second story units is 1,188 square feet and 934 square feet respectively. These are ideal unit sizes that are easily leasable with minimal tenant improvement costs required between tenants. Current ground floor rents average $1.74 per SF, gross, with second story rents averaging $1.51 per SF gross. The flexibility in lease terms in conjunction with below market rents creates a unique value-add opportunity.
Value-Add Shopping Center Ideally Located Directly off the 60 Freeway
Excellent Asset Fundamentals Ideally Positioned in a Dense, Urban Infill Los Angeles County Location
Ideally Located Directly off the 60 Freeway Across from the Atlantic Metro Station