Skip to main content

Shopping Strip

State Center

10401 Long Beach Blvd, Lynwood, CA 90262

Listing Price: $1,159,500

Cap Rate
3.59%
Gross SF
4,466
Rentable SF
4,466
Price/Gross SF
$259.63
Lot Size
0.26 acres
Year Built
1988

Investment Overview

The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present the opportunity to acquire the Lynwood State Center, an infill value-add retail opportunity located in Lynwood, CA. State Center provides investors the potential proforma cash-on-cash return of over 7.66% return due to the current vacancies and below market rents. State Center consists of 4,466 sq.ft. of retail building situated upon 11,365 sq.ft. of land. The center is located at the signalized corner of the highly traveled Long Beach Blvd and State Street with over 35,000 cars per day. Located in one of the densest markets in LA County the subject has over 1,000,000 people in a 5-mile radius with the average household income of $60,845. The property also sits in a qualified “Opportunity Zone”.

Investment Highlights

  • State Center Offers Investors Provides True Value-Add Potential in an Infill LA County Market
  • Potential Proforma Returns of Over 7.66% - Below Market Rents and MTM Tenancy
  • Signalized Hard Corner – High Traffic Over 35,000 Cars Per Day
  • Dense Infill LA County Location – Over 1,000,000 People in Five-Mile Radius w/ Average Household Income of $60,845
  • Qualified Opportunity Zone

Exclusively Listed By

Listing Price: $1,159,500

Cap Rate
3.59%
Gross SF
4,466
Rentable SF
4,466
Price/Gross SF
$259.63
Lot Size
0.26 acres
Year Built
1988

Investment Highlights

  • State Center Offers Investors Provides True Value-Add Potential in an Infill LA County Market
  • Potential Proforma Returns of Over 7.66% - Below Market Rents and MTM Tenancy
  • Signalized Hard Corner – High Traffic Over 35,000 Cars Per Day
  • Dense Infill LA County Location – Over 1,000,000 People in Five-Mile Radius w/ Average Household Income of $60,845
  • Qualified Opportunity Zone

Investment Overview

The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present the opportunity to acquire the Lynwood State Center, an infill value-add retail opportunity located in Lynwood, CA. State Center provides investors the potential proforma cash-on-cash return of over 7.66% return due to the current vacancies and below market rents. State Center consists of 4,466 sq.ft. of retail building situated upon 11,365 sq.ft. of land. The center is located at the signalized corner of the highly traveled Long Beach Blvd and State Street with over 35,000 cars per day. Located in one of the densest markets in LA County the subject has over 1,000,000 people in a 5-mile radius with the average household income of $60,845. The property also sits in a qualified “Opportunity Zone”.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower