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DaVita Dialysis Anchored Center | Infill Los Angeles | 7% CAP | 100% Leased | Excellent Demographics

883 S Atlantic Blvd, Los Angeles, CA 91754

Listing Price: $13,216,300

Cap Rate
7.00%
Gross SF
21,687
Rentable SF
21,687
Price/Gross SF
$609.41
Lot Size
0.83 acres
Year Built
1967

Investment Overview

Monterey Park is a city in the western San Gabriel Valley region of Los Angeles County, California, approximately seven miles east of the Downtown Los Angeles civic center. It is bordered by Alhambra, East Los Angeles, Montebello and Rosemead. The city’s motto is “Pride in the past, Faith in the future”. Monterey Park is part of a cluster of cities (Alhambra, Arcadia, Temple City, Rosemead, San Marino, and San Gabriel in the west San Gabriel Valley) with a growing Asian American population. According to the 2010 Census, the city had a total population of 60,269. Monterey Park has consistently ranked as one of the country’s best places to live due to its good schools, growing economy, and central location. In 2017, Monterey Park was recognized as “America’s Best Places to Live 2017” ranked at #3 by Money magazine and three local news TV stations. It also ranked at #2 in Money Magazine’s “The 10 Best Places in America to Raise a Family”.

Investment Highlights

  • Now 100% Leased DaVita Dialysis Anchored Center. Features NNN Leases with Increases throughout the Initial Term and Options.
  • Ample Signage and Parking (62 Parking Spaces on Roof for a Total of 83 Parking Stalls). Recent $3M Interior and Exterior Renovation.
  • Positioned Along Area's Major Medical & Traffic Corridor. Features Easy Access & Excellent Visibility Along S Atlantic Blvd with Daily Traffic Counts Exceeding 32k Vehicles.
  • DaVita features a S&P Credit Rating of "BB", a Moody's Rating of "Ba3" with Annual Revenues in Excess of $11.91B and Ranked #357 on Fortune 500.
  • A Large Number of Healthcare related tenants are situated along South Atlantic Blvd. Directly Across from Monterey Park Hospital AHMC which Employs 700+ Active Medical Staff and sees on Average around 24k ER Visitors Annually.
  • Monterey Park was recognized as "America's Best Places to Live 2017". Extremely Dense Los Angeles Submarket w/ over 673k People Residing in a 5-mile Radius. Affluent Area: Features an Average Household Income of $106+ w/in a 1-Mile Radius.
  • Minutes from Interstate 710, 10, and near other High-Traffic Highways providing Easy Connectivity to the Entire Metro Los Angeles Region.
  • The Site Benefits from its Close Proximity to Downtown Los Angeles - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.

Exclusively Listed By

Financing By

Shopping Strip

DaVita Dialysis Anchored Center | Infill Los Angeles | 7% CAP | 100% Leased | Excellent Demographics

Listing Price: $13,216,300

Cap Rate
7.00%
Gross SF
21,687
Rentable SF
21,687
Price/Gross SF
$609.41
Lot Size
0.83 acres
Year Built
1967

Investment Highlights

  • Now 100% Leased DaVita Dialysis Anchored Center. Features NNN Leases with Increases throughout the Initial Term and Options.
  • Ample Signage and Parking (62 Parking Spaces on Roof for a Total of 83 Parking Stalls). Recent $3M Interior and Exterior Renovation.
  • Positioned Along Area's Major Medical & Traffic Corridor. Features Easy Access & Excellent Visibility Along S Atlantic Blvd with Daily Traffic Counts Exceeding 32k Vehicles.
  • DaVita features a S&P Credit Rating of "BB", a Moody's Rating of "Ba3" with Annual Revenues in Excess of $11.91B and Ranked #357 on Fortune 500.
  • A Large Number of Healthcare related tenants are situated along South Atlantic Blvd. Directly Across from Monterey Park Hospital AHMC which Employs 700+ Active Medical Staff and sees on Average around 24k ER Visitors Annually.
  • Monterey Park was recognized as "America's Best Places to Live 2017". Extremely Dense Los Angeles Submarket w/ over 673k People Residing in a 5-mile Radius. Affluent Area: Features an Average Household Income of $106+ w/in a 1-Mile Radius.
  • Minutes from Interstate 710, 10, and near other High-Traffic Highways providing Easy Connectivity to the Entire Metro Los Angeles Region.
  • The Site Benefits from its Close Proximity to Downtown Los Angeles - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.

Investment Overview

Monterey Park is a city in the western San Gabriel Valley region of Los Angeles County, California, approximately seven miles east of the Downtown Los Angeles civic center. It is bordered by Alhambra, East Los Angeles, Montebello and Rosemead. The city’s motto is “Pride in the past, Faith in the future”. Monterey Park is part of a cluster of cities (Alhambra, Arcadia, Temple City, Rosemead, San Marino, and San Gabriel in the west San Gabriel Valley) with a growing Asian American population. According to the 2010 Census, the city had a total population of 60,269. Monterey Park has consistently ranked as one of the country’s best places to live due to its good schools, growing economy, and central location. In 2017, Monterey Park was recognized as “America’s Best Places to Live 2017” ranked at #3 by Money magazine and three local news TV stations. It also ranked at #2 in Money Magazine’s “The 10 Best Places in America to Raise a Family”.

Exclusively Listed By

Financing By

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