Renovated Retail Flex in Affluent LA Suburb 401-405 W Foothill Blvd

** PRICE REDUCTION **
The Elifant Group is pleased to exclusively present the opportunity to acquire 401-405 W Foothill Boulevard, an updated retail storefront and flexible warehouse in the vital Los Angeles suburb of Monrovia. The 5,668-square-foot building’s previous user completed extensive interior and exterior upgrades to the property, which currently offers bright interiors with an open floorplan, anti-scratch flooring, a contemporary kitchen, and a well-lit warehouse with a separate point of entry and a roll-up grade-level door. The lot also includes 10 surface parking spaces and one on-site accessible space.

The freestanding retail flex facility is situated on a 0.29-acre hard corner lot, which includes 153 feet of direct frontage and two curb cuts to Foothills Boulevard, a high-traffic artery that delivers over 22,000 passing vehicles each day. The walkable corridor can easily be reached thanks to proximity to the 210, 605, and 10 Freeways, the main thoroughfares of the region which provide easy access from the surrounding major metro areas of LA, San Bernardino, and Pasadena. Additional transportation is made quick and easy by the Monrovia Station commuter rail, reachable within five minutes of the building. The area is also highly walkable, with a walk score of 76 and a high nearby concentration of popular local shopping and dining opportunities. Within a mile on Foothill Boulevard, shoppers are drawn by household name retailers, including Starbucks, Vons, Little Caesars, CVS, Wingstop, Jamba Juice, and Wendy’s.

401-405 W Foothills Boulevard will be delivered vacant, presenting a substantial opportunity to both users and investors. The property presents modern features and a prime location, which makes it the ideal new home for a growing business looking to tap into the area’s affluent customer base. A value-add investor can also lease the property to capitalize on strong local submarket fundamentals. The Western SGV Submarket boasts a vacancy rate of just 3.7%, well below the greater LA market average of 5.4%, and annual rent gains of 1.4%. The area’s strong performance is due largely in part to a tightened supply pipeline, with demolitions outpacing new construction over the past five years. This rare opportunity allows businesses and investors to avoid these headwinds and break into this top-tier submarket.

Sitting approximately 20 miles Northeast of Los Angeles, Monrovia is a peaceful suburban enclave in the shadow of the San Gabriel Mountains. The city’s proximity to LA, surrounding natural beauty, and easy access to the Southern California Freeway Network have made it a popular destination for businesses seeking to escape the high rates and congestion of the metro. Monrovia’s largest employers sit within 2 miles of the property, including headquarters and vital operations for the Monrovia Unified School District, Trader Joe’s, STAAR Surgical, and more. Professionals commuting to these job centers present a significant pool of potential customers. Additional consumer traffic is drawn to the region by Santa Anita Park, a sprawling mixed-use entertainment district less than 10 minutes from the subject property that includes the 214-store super-regional shopping mall, a horse racing track, a picturesque golf course, the 626 Night Market, and the USC Arcadia Hospital.

Business owners and investors can seize the perfect new acquisition with the recently renovated freestanding retail and industrial facility near the heart of Monrovia at 401-405 W Foothills Boulevard.

Listed by Joseph Lee with the Elifant Group, CA License #01920869