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Shopping Strip

Imperial Highway Shopping Strip

10932 & 10944 Imperial Highway, Norwalk, CA 90650

Listing Price: $1,895,000

Cap Rate
4.46%
Gross SF
25,500
Rentable SF
6,532
Price/Gross SF
$74.31
Lot Size
0.59 acres
Year Built
1956

Investment Overview

* Rare Southern California Shopping Strip * Future Upside Potential by Renewing Existing Gross Leases at Market Rents with NNN Leases * Tenants are Responsible for Roof, HVAC, and Other CAM Expenses Directly – Landlord Currently Pays For Tax, Insurance, Trash, and Landscaping * Favorable Lot Area of ±25,500 Square Feet * Strong Real Estate Fundamentals * Dense, Infill Location with Population Counts Exceeding 673,948 Residents Within Five Miles * Affluent Area – Average Household Income Within 1 Mile is $86,130, Which is Well Above the National Average * Located Less Than 20 Minutes from Los Angeles International Airport (LAX) * The Subject Property is Less Than ½ Mile from the Hoxie Avenue/Imperial Highway Metro Station Which Provides Direct Access to Downtown Los Angeles and Other Major Employment Areas * Multiple Points of Ingress and Egress on Imperial Highway

Investment Highlights

  • Rare Southern California Shopping Strip with Strong Exposure on Imperial Highway (±43,500 Cars Per Day)
  • Less Than ½ Mile from the Imperial Highway Entrance to the 605 Freeway (±292,000 Cars Per Day)
  • Close Proximity to Major Retail Centers Anchored by Costco and Food 4 Less

Exclusively Listed By

Shopping Strip

Imperial Highway Shopping Strip

Listing Price: $1,895,000

Cap Rate
4.46%
Gross SF
25,500
Rentable SF
6,532
Price/Gross SF
$74.31
Lot Size
0.59 acres
Year Built
1956

Investment Highlights

  • Rare Southern California Shopping Strip with Strong Exposure on Imperial Highway (±43,500 Cars Per Day)
  • Less Than ½ Mile from the Imperial Highway Entrance to the 605 Freeway (±292,000 Cars Per Day)
  • Close Proximity to Major Retail Centers Anchored by Costco and Food 4 Less

Investment Overview

* Rare Southern California Shopping Strip * Future Upside Potential by Renewing Existing Gross Leases at Market Rents with NNN Leases * Tenants are Responsible for Roof, HVAC, and Other CAM Expenses Directly – Landlord Currently Pays For Tax, Insurance, Trash, and Landscaping * Favorable Lot Area of ±25,500 Square Feet * Strong Real Estate Fundamentals * Dense, Infill Location with Population Counts Exceeding 673,948 Residents Within Five Miles * Affluent Area – Average Household Income Within 1 Mile is $86,130, Which is Well Above the National Average * Located Less Than 20 Minutes from Los Angeles International Airport (LAX) * The Subject Property is Less Than ½ Mile from the Hoxie Avenue/Imperial Highway Metro Station Which Provides Direct Access to Downtown Los Angeles and Other Major Employment Areas * Multiple Points of Ingress and Egress on Imperial Highway

Exclusively Listed By

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