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11355 South St
Cerritos, CA 90703

Comerica Bank · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Bank
Building Size
4,016 SF
Building Class
C
Year Built/Renovated
1974/2010
Tenancy
Single
Number of Floors
1
Building FAR
0.15
Lot Size
0.63 AC
Zoning
CR, Cerritos - Commercial
Parking
24 Spaces (5.97 Spaces per 1,000 SF Leased)

Amenities

  • Banking
  • Corner Lot
  • Signalised Intersection

About 11355 South St , Cerritos, CA 90703

We are pleased to offer qualified investors an opportunity to purchase a premium single-tenant absolute NNN leased asset with a corporate guarantee from Comerica Bank (NYSE: CMA, S&P: A- Investment Grade). Ownership is Fee Simple with ± 5,228 SF of improvements and ± 27,438 SF of land. Zero Landlord responsibilities. The property is located on the southeast corner of South Street and Gridley Road in Cerritos with a daily traffic count of 63,000 vehicles. It is an outparcel of Los Cerritos Center, a super regional mall of 1,387,000 square feet anchored by Nordstrom, Macy’s and Sears. It is located half mile from Cerritos Auto Square, World’s largest auto mall with 29 Dealerships. The median income in the city of Cerritos is in excess of $100,000. It is the third most populous Asian community in Los Angeles County and second highest ranking of retail spenders per resident in all of California, only after Beverly Hills. This is a unique opportunity to own a highly visible retail location in one of the strongest retail markets in Southern California. FOR MORE INFORMATION: www.comericacerritos.com

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7038-014-009
Land Assessment
£3,479,624
Improvements Assessment
£2,174,765
Total Assessment
£5,654,388
  • Listing ID: 11342942

  • Date on Market: 23/01/2018

  • Last Updated:

  • Address: 11355 South St, Cerritos, CA 90703

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