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10733 Lower Azusa Road
El Monte, CA 91731

Price: $1,895,000 Zoning: C3
Bldg SF: 4,035 SF Price/SF: $470
Land SF: 12,829 SF Occupancy: 100%
Click for View Offering MemorandumClick to Print Offering Memorandum

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


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Price: $1,895,000
Bldg SF: 4,035 SF
Land SF: 12,829 SF
Year Built: 1950/1953
ProForma CAP Rate: 5.10%
Price/SF: $470
Occupancy:  100%
Property Type: Strip Center
Click for View Offering MemorandumClick for Print Offering Memorandum

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


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Investment Highlights

A 100% OCCUPIED RETAIL CENTER IN THE HEART OF EL MONTE,CA

  • 100% occupied retail center centrally located in the high-end, affluent San Gabriel Valley submarket of El Monte, CA
  • Ideal unit sizes averaging 1,345 square feet
  • The subject property features 19 on-site parking spaces in the front of the property
  • All leases in place with a minimum term of 2.5 Years
  • Current rents are below market rents, creating a value-add opportunity

IDEALLY LOCATED WITHIN THE EL MONTE SUBMARKET

  • The subject property features a strong Walk Score® of 71, and is considered a Very Walkable location
  • The property is three blocks from The San Gabriel Valley Airport and its surrounding national retailers, such as In-N-Out, Jack in The Box, Starbucks, Popeyes, 7 Eleven, Sam’s Club, McDonald’s, Chase Bank, Yoshinoya, and The Home Depot

DENSE AND AFFLUENT UNDERLYING DEMOGRAPHICS

  • There are 27,703 people located within one mile of the property, 244,894 people located within three miles of the property, and 564,481 people located within five miles of the property
  • There are 8,373 households located within one mile of the property, 69,115 households located within three miles of the property, and 112,487 households located within five miles of the property
  • Average household income is $67,336 within one mile of the property, $66,947 within three miles of the property, and $65,447 within five miles of the property