60,801 SF Value Add Shopping Center For Sale | 809 W Rosecrans Ave
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60,801 SF Value Add Shopping Center For Sale 809 W Rosecrans Ave
18,160 SF 100% Leased 4-Star Retail Building Compton, CA 90222 £6,715,085 (£370/SF) 5.50% Net Initial Yield
Investment Highlights
- Value-Add: Significant value can be created by tenanting the 30,000 SF Pad with 10,000 SF buildable space.
- Excellent visibility and monument signage along Rosecrans Avenue and another on Wilmington Avenue offing high visibility to passing traffic.
- Internet Resistant Retail Uses
- Strong traffic counts at the intersection of W. Rosecrans Avenue and N. Wilmington are ±76,559 vehicles per day.
- 30,000 SF Pad / 10,000 SF buildable Value Add Pad allows opportunity ideal for ideal development due to Compton's C-2 zoning and wide permitted uses.
- Captive audience for a variety of local retail services for local shoppers.
Executive Summary
Legendary Commercial Real Estate is pleased to present the prime opportunity to acquire the WilRose Plaza Shopping Center in Compton, CA (“The Property”).
The 60,801 SF/± 1.40-acre property consists of 8,160 SF Leased Space in three Pads and an additional 30,000 SF Pad with 10,000 SF Buildable Space - Value Add Pad (available for Ground Lease or Build to Suit) for a total of 18,160 SF rental square foot. This is a Value-Add Shopping Center Investment Opportunity 5.5% Proforma CAP.
The existing 10,000 SF Pad is fully entitled and permit-ready for other retail uses. The entire pad can be developed on a Built to Suit basis or Ground Leased to include a drive-thru restaurant, or other retail, office, and medical options.
The 60,801 SF/± 1.40-acre property consists of 8,160 SF Leased Space in three Pads and an additional 30,000 SF Pad with 10,000 SF Buildable Space - Value Add Pad (available for Ground Lease or Build to Suit) for a total of 18,160 SF rental square foot. This is a Value-Add Shopping Center Investment Opportunity 5.5% Proforma CAP.
The existing 10,000 SF Pad is fully entitled and permit-ready for other retail uses. The entire pad can be developed on a Built to Suit basis or Ground Leased to include a drive-thru restaurant, or other retail, office, and medical options.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
18,160 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2018
Price
£6,715,085
Price Per SF
£370
Net Initial Yield
5.50%
NOI
£369,325
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.30
Land Acres
1.40 AC
Zoning
COCM*
Parking
72 Spaces (3.96 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Corner Lot
- Security System
- Signalised Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Recessed Lighting
- Monument Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Boost Mobile
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Can Am Dental
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- CanAm Dental
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
-
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
At PLS, they believe that providing people with value, service and respect is just as important as offering helpful solutions. Founded in 1997 with this principle in mind, they’re determined to make a difference in their customers’ lives. Since opening they’ve grown to over 300 locations in 12 states—expanding their impact across the country. It’s led them to be one of the largest and most recognized organizations in the industry. The success of PLS is based on how they treat their customers and employees. Their dedication to bringing out the best in people has helped them thrive, and it’s how they’ll continue to run their business.
- UPS
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Boost Mobile | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Can Am Dental | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| CanAm Dental | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| UPS | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 6144-022-015 | Total Assessment | £1,563,189 |
| Land Assessment | £1,109,433 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £453,755 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
6144-022-015
Land Assessment
£1,109,433
Improvements Assessment
£453,755
Total Assessment
£1,563,189
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024 Payable 2024
-
Armando Aguirre -
Sheretta Morris -
Legendary Commercial Real Estate
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60,801 SF Value Add Shopping Center For Sale | 809 W Rosecrans Ave
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