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Sale of Commercial Property (100%Leased) 20922 Pioneer Blvd

4,128 SF 100% Leased Retail Building Lakewood, CA 90715 £2,426,175 (£588/SF) 4.25% Net Initial Yield

Investment Highlights

  • Heavy Traffic Location, Good Parking, Easy Access, Safety Area

Executive Summary

1. Commercial Property Sale $3,075,000
Rental Income CAP 4.25%
Total Monthly Rental Income: $10,900+ NNN
Beer Wine Market: $7,500 +NNN/ Month, Lease 10 years + Option 10 Years
Coin Car Wash: $3,400 +NNN/ Month, Lease 10 Years + 2 Times 5 Years
Zoning: LKC3, Current Built 1972, Used Code: Retail Store
Building Size: Market: 2,500 SF
Coin Car Wash: 1,628 SF
2. Current, High-Volume Beer Wine Market, Business Hour: 7:00 AM-10:00 PM
3. Self-Coin Car Wash (Upgraded New Facilities)
4. High Traffic Area, Good Parking, 4 Way Corner, Easy In-out access

Attachments

Rent-Roll

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,128 SF
Building Class
C
Year Built
1972
Price
£2,426,175
Price Per SF
£588
Net Initial Yield
4.25%
NOI
£103,201
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.22
Land Acres
0.44 AC
Zoning
LKC3* - Lakewood General Commercial (LKC3)
Parking
10 Spaces (2.42 Spaces per 1,000 SF Leased)
Frontage
138 ft on Pioneer Blvd

Amenities

  • Corner Lot
1 of 1
20922 Pioneer Blvd, Lakewood, CA - aerial map view
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Planet Fitness - Hawaiian Gardens, CA
7 Leaves Cafe
Flame Broiler
Crunch
Starbucks
TGI Fridays
Lee's Sandwiches
Denny's
WaBa Grill
Food 4 Less

PROPERTY TAXES

Parcel Number 7058-015-011 Improvements Assessment £88,013
Land Assessment £1,188,194 Total Assessment £1,276,207

PROPERTY TAXES

Parcel Number
7058-015-011
Land Assessment
£1,188,194
Improvements Assessment
£88,013
Total Assessment
£1,276,207
(213) 309-7111

  • Listing ID: 30768097

  • Date on Market: 25/01/2024

  • Last Updated:

  • Address: 20922 Pioneer Blvd, Lakewood, CA 90715

The Retail Property at 20922 Pioneer Blvd, Lakewood, CA 90715 is currently available For Sale. Contact GCB BROKERS INC for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

Sale of Commercial Property (100%Leased) | 20922 Pioneer Blvd
(213) 309-7111 x

Sale of Commercial Property (100%Leased) | 20922 Pioneer Blvd

Dennis Joo

(213) 309-7111

(213) 309-7111

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