Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to present an extremely unique opportunity to acquire a rare, prime 1-acre parcel with an 8,184 square foot office building/banquet facility. The subject property offers visibility from all sides of the property as it is surrounded by the 60 Freeway, the freeway on & off ramps, and Durfee Avenue/Peck Road frontages. The property also offers freeway visible monument signage and approximately 72 parking spaces. Traffic counts are in excessive of 225,000 vehicles per day. The El Palacio Banquet Hall/ Freeway Office features commercial (C) zoning. This zoning will allow various commercial uses including auto uses, retail businesses, professional/medical/dental offices, restaurants, banks, personal services and possibly bars/nightclubs, hotels and even residential. The buyer is advised to inquire with the city regarding their intended use for the subject property. Currently the subject property is 100% leased with below market lease rates. One of the tenants may be in breach of their lease and possibly could be removed from the property to allow for an owner/user to occupy the property. Given the extremely unique location, the El Palacio Banquet Hall/Freeway Office offers an owner/user unsurpassed frontage and freeway exposure. Also, an investor will find valueadded opportunities through better management, repositioning and even redevelopment of the property.