Shops at La Mirada Towne Center | 15831 Imperial Hwy
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Shops at La Mirada Towne Center 15831 Imperial Hwy
9,527 SF 100% Leased Retail Building La Mirada, CA 90638 £2,298,929 (£241/SF) 5.17% Net Initial Yield
Investment Highlights
- Value-Add Opportunity to purchase a 100% occupied strip center with rents on average 30% below market.
- Corner Location at the Signalized Intersection of Imperial Highway and Santa Gertrudes Ave with exposure to more than 55,514 cars per day.
- Infill, Affluent Demographics exceeding $137,442 average household income for the 193,000 residents living within 3 miles.
- Perfect 1031 Exchange Candidate. Bread and Butter Strip Center.
- Oversized Parcel at 1.28 acres. Perfect opportunity to add EV charging or future development in accordance with the Imperial Highway Specific Plan.
- Longstanding, Internet Resistant Tenancy serving the daily needs of the surrounding community.
Executive Summary
CBRE Investment Properties has been retained by Ownership as the exclusive marketing adviser for the Shops at La Mirada Towne Center located at 15827-15841 Imperial Highway in La Mirada, Los Angeles County, CA (“the Property”). This 100% occupied, ±9,547 SF multi-tenant strip center presents a strong mix of neighborhood tenants catering to the daily needs of the dense residential population surrounding the center. With multiple tenants operating on site for more than a decade at below market rents, investors have the ability to significantly increase cash flow over time by bringing tenants up to market rents.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,527 SF
Building Class
C
Year Built
1961
Price
£2,298,929
Price Per SF
£241
Net Initial Yield
5.17%
NOI
£118,786
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.16
Land Acres
1.38 AC
Zoning
C4
Parking
75 Spaces (7.35 Spaces per 1,000 SF Leased)
Frontage
538 ft on Imperial Hwy
Amenities
- Bus Route
Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 8035-018-027 | Improvements Assessment | £367,819 |
| Land Assessment | £386,007 | Total Assessment | £753,826 |
PROPERTY TAXES
Parcel Number
8035-018-027
Land Assessment
£386,007
Improvements Assessment
£367,819
Total Assessment
£753,826
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Justin Marlowe -
CBRE, Inc.
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Shops at La Mirada Towne Center | 15831 Imperial Hwy
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