United Pacific: San Pedro, CA | 210 S Gaffey St
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United Pacific: San Pedro, CA 210 S Gaffey St
318 SF Retail Building San Pedro, CA 90731 £3,018,783 (£9,493/SF) 5.75% Net Initial Yield
Investment Highlights
- Business Not For Sale
- Long-Term Operating History
- Strong Tenant | 511 Retail Gas Stations Under the Brands of Rocket, United Oil, or United Pacific in CA, CO, NV, OR & WA
- Absolute NNN lease with a 7.50% increase in July 2029 and in each of the three 5-year renewal options.
- Part of the Larger United Pacific Portfolio | Available Individually or as a Portfolio
- Irreplaceable CA Location (Los Angeles, CA MSA) with Barriers to Entry for New Gas Competitors
Executive Summary
CBRE is pleased to offer for sale the United Pacific Portfolio, which is comprised of 14 sites across California. With an average operating history of ~50 years, the sites are subject to a ±9.6-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
Each of the sites are well-positioned within three major California markets (Los Angeles, Riverside & San Diego). The offering provides investors an opportunity to acquire well-established gas station sites with high barriers to entry for competitors and strong underlying intrinsic value. The offering also provides investors the benefit of fee simple ownership of the building and land, allowing for the potential benefits of bonus depreciation.
Headquartered in Long Beach, California, CF United LLC operates 511 retail gas stations under the brands of Rocket, United Oil or United Pacific in California, Colorado, Nevada, Oregon and Washington.
The properties are being offered individually or as a portfolio.
Each of the sites are well-positioned within three major California markets (Los Angeles, Riverside & San Diego). The offering provides investors an opportunity to acquire well-established gas station sites with high barriers to entry for competitors and strong underlying intrinsic value. The offering also provides investors the benefit of fee simple ownership of the building and land, allowing for the potential benefits of bonus depreciation.
Headquartered in Long Beach, California, CF United LLC operates 511 retail gas stations under the brands of Rocket, United Oil or United Pacific in California, Colorado, Nevada, Oregon and Washington.
The properties are being offered individually or as a portfolio.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
318 SF
Building Class
B
Year Built
2000
Price
£3,018,783
Price Per SF
£9,493
Net Initial Yield
5.75%
NOI
£173,580
Tenancy
Single
Number of Floors
1
Building FAR
0.02
Land Acres
0.34 AC
Opportunity Zone
Yes
Zoning
LAC2 - Service Station
Parking
1 Space (3.14 Spaces per 1,000 SF Leased)
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 7451-016-030 | Improvements Assessment | £253,790 |
| Land Assessment | £1,861,126 | Total Assessment | £2,114,916 |
PROPERTY TAXES
Parcel Number
7451-016-030
Land Assessment
£1,861,126
Improvements Assessment
£253,790
Total Assessment
£2,114,916
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Christopher Bosworth -
Thomas Carr -
Brian Pfohl -
Brian Yoshimura -
Power Broker Joel Wilson -
Power Broker Ryan Gurman -
Leah Lindell -
Abby Kelly -
Kaitlyn Wolf -
CBRE, Inc.
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United Pacific: San Pedro, CA | 210 S Gaffey St
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