1905 S Garey Ave
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1905 S Garey Ave
5,400 SF Retail Building Pomona, CA 91766 £1,810,755 (£335/SF) 4.52% Net Initial Yield
Investment Highlights
- Freestanding discount store
- Dense demographics: ±373,000 population within 5-mile radius.
- Conveniently located just north of the 60 fwy and 71 highway, located within 5 minutes from fwy on/off ramp.
- Zoning: C-4 Neighborhood Commercial
- Prime Pomona location located at the signalized intersection of Garey Ave and Lexington Ave with traffic counts of ±32,400 vehicles per day.
- Pylon signage
Executive Summary
Colliers International Greater Los Angeles Inc, as exclusive advisor to the seller, is pleased to present for sale the retail investment opportunity at 1905-1925 S Garey Ave., in Pomona California. The subject property consists of a single-story retail building totaling
±5,400 square feet on ±0.65 acres (±28,292 square feet). The proprety is currently occupied by a discount store with ±2.9 years remaining on the lease and one (1) 5-year option.
*Alternatively to the investment or owner/user opportunity, the subject property parcel is zoned C-4 (Neighborhood Commercial), making it a prime candidate for conversion into a multi-tenant retail strip, discount store, gas station, drive-through restaurant or many other options.
* Buyer should complete their own due dilligence on this parcel to determine redevelopment potentials and options.
±5,400 square feet on ±0.65 acres (±28,292 square feet). The proprety is currently occupied by a discount store with ±2.9 years remaining on the lease and one (1) 5-year option.
*Alternatively to the investment or owner/user opportunity, the subject property parcel is zoned C-4 (Neighborhood Commercial), making it a prime candidate for conversion into a multi-tenant retail strip, discount store, gas station, drive-through restaurant or many other options.
* Buyer should complete their own due dilligence on this parcel to determine redevelopment potentials and options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,400 SF
Building Class
C
Year Built
1970
Price
£1,810,755
Price Per SF
£335
Net Initial Yield
4.52%
NOI
£81,846
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Land Acres
0.65 AC
Zoning
C4
Parking
22 Spaces (4.07 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Pylon Sign
- Signage
- Signalised Intersection
Walk Score ®
Very Walkable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 8344-023-034 | Improvements Assessment | £102,836 |
| Land Assessment | £308,531 | Total Assessment | £411,367 |
PROPERTY TAXES
Parcel Number
8344-023-034
Land Assessment
£308,531
Improvements Assessment
£102,836
Total Assessment
£411,367
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1905 S Garey Ave
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