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Shopping Auto Center

13516 Telegraph Rd

13516 Telegraph Rd, Whittier, CA 90605

Listing Price: $2,100,000

Cap Rate
6.76%
Rentable SF
8,675
Lot Size
0.55 acres
Year Built
1960

Investment Overview

Marcus & Millichap is pleased to present the sale of 13516 Telegraph Rd., located in Whitter, CA. The subject property consists of an approximate 8,675 square-foot multi-tenant commercial/automotive building situated on three parcels of land totaling approximately 0.55 acres. The tenant mix is made up of a majority of online automotive sale tenants (executive offices), several automotive repair tenants and one used car retail sales lot. All leases are either short term or MTM allowing an owner/user the ability to take occupancy or an investor the ability to reposition the asset as they see fit. In-Place income provides for an approximate 6.13% CAP Rate year 1. The property is surrounded by a multitude or retail amenities and benefits from extremely strong demographics. • Multi-Tenant Commercial/Automotive Investment Opportunity • Year 1 CAP Rate: 6.13% with Immediate Upside Through Lease Up – Current Occupancy @ ~75% • Short Term or M-T-M Leases Allowing Investor or Owner/User Maximum Flexibility • Three adjacent parcels totaling 0.55-Acres of Commercial Land • Ample Parking – 50+ Parking Spaces or 5.76 / 1,000 SF • Great Visibility on Heavily Trafficked Corridor - ~200’ of Frontage Along Telegraph Rd – Over 60K Vehicle Counts Per Day • Close Proximity to the 605 and 5 Freeways – Less then 3 miles from the on/off ramps • Numerous Shopping & Dining Amenities the Immediate Vicinity – Walkscore of 79 • Nearby National Retailers: AutoZone, Wienerschnitzel, Planet Fitness, dd’s Discounts, Chase, Bank of America, Starbucks, 5 Guys, Chipotle, T-Mobile, Taco Bell, In-N-Out, Walmart, El Super, Target, Ross Dress For Less, and More • Excellent Dense Infill Demographics – 519,592 Population and $103,255 Average Household Income in a 5-Mile Radius

Investment Highlights

  • Multi-Tenant Commercial/Automotive Investment Opportunity
  • Year 1 CAP Rate: 6.13% with Immediate Upside Through Lease Up – Current Occupancy @ ~75%
  • Excellent Dense Infill Demographics – 519,592 Population and $103,255 Average Household Income in a 5-Mile Radius

Exclusively Listed By

Financing By

Shopping Auto Center

13516 Telegraph Rd

Listing Price: $2,100,000

Cap Rate
6.76%
Rentable SF
8,675
Lot Size
0.55 acres
Year Built
1960

Investment Highlights

  • Multi-Tenant Commercial/Automotive Investment Opportunity
  • Year 1 CAP Rate: 6.13% with Immediate Upside Through Lease Up – Current Occupancy @ ~75%
  • Excellent Dense Infill Demographics – 519,592 Population and $103,255 Average Household Income in a 5-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present the sale of 13516 Telegraph Rd., located in Whitter, CA. The subject property consists of an approximate 8,675 square-foot multi-tenant commercial/automotive building situated on three parcels of land totaling approximately 0.55 acres. The tenant mix is made up of a majority of online automotive sale tenants (executive offices), several automotive repair tenants and one used car retail sales lot. All leases are either short term or MTM allowing an owner/user the ability to take occupancy or an investor the ability to reposition the asset as they see fit. In-Place income provides for an approximate 6.13% CAP Rate year 1. The property is surrounded by a multitude or retail amenities and benefits from extremely strong demographics. • Multi-Tenant Commercial/Automotive Investment Opportunity • Year 1 CAP Rate: 6.13% with Immediate Upside Through Lease Up – Current Occupancy @ ~75% • Short Term or M-T-M Leases Allowing Investor or Owner/User Maximum Flexibility • Three adjacent parcels totaling 0.55-Acres of Commercial Land • Ample Parking – 50+ Parking Spaces or 5.76 / 1,000 SF • Great Visibility on Heavily Trafficked Corridor - ~200’ of Frontage Along Telegraph Rd – Over 60K Vehicle Counts Per Day • Close Proximity to the 605 and 5 Freeways – Less then 3 miles from the on/off ramps • Numerous Shopping & Dining Amenities the Immediate Vicinity – Walkscore of 79 • Nearby National Retailers: AutoZone, Wienerschnitzel, Planet Fitness, dd’s Discounts, Chase, Bank of America, Starbucks, 5 Guys, Chipotle, T-Mobile, Taco Bell, In-N-Out, Walmart, El Super, Target, Ross Dress For Less, and More • Excellent Dense Infill Demographics – 519,592 Population and $103,255 Average Household Income in a 5-Mile Radius

Exclusively Listed By

Financing By

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