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Shopping Strip

10733 Lower Azusa Rd

10733 Lower Azusa Rd, El Monte, CA 91731

Listing Price: $1,625,000

Cap Rate
5.37%
Gross SF
4,035
Rentable SF
4,035
Price/Gross SF
$402.73
Lot Size
0.29 acres
Year Built
1950

Investment Overview

Marcus & Millichap has been selected to exclusively represent for sale 10733 Lower Azusa Road, a 4,035 square foot strip center situated on 12,829 square feet of land in El Monte, CA. The subject property is located at the highly trafficked intersection of Lower Azusa Road and Persimmon Avenue, which features average daily traffic counts of 30,816 vehicles per day. The building is demised into three spaces, with an ideal average suite size of 1,345 square feet. The property also features a double sided billboard that generates additional income. 10733 Lower Azusa Road is currently 100% occupied. All the existing leases in place have over 2.5 years remaining at below market rents, making this an excellent opportunity for an investor in a prime San Gabriel Valley location. 10733 Lower Azusa Road is home to a Barbershop, Fiber Optics Center, and a Bar/Restaurant. The subject property features 19 on-site parking spaces for the property, a parking ratio of 4.03 parking spaces per 1,000 square feet. 10733 Lower Azusa Road is an excellent location within the El Monte submarket, just one mile from the Peck Road Water Conservation Park, as well as the San Gabriel Valley Airport. The subject property features a strong Walk Score® of 71 and is considered a Very Walkable location. The property is situated on Lower Azusa Road and its surrounding national retailers, such as In-N-Out, Jack in The Box, Starbucks, Popeyes, 7 Eleven, Sam’s Club, McDonald’s, Chase Bank, Yoshinoya, and The Home Depot. 10733 Lower Azusa Road is in the heart of El Monte, CA. El Monte is a residential, Industrial, and commercial city in Los Angeles, CA. The city lies in The San Gabriel Valley, east of the city of Los Angeles. El Monte slogan is "Welcome to Friendly El Monte" and is historically known as "The End of The Santa Fe Trail." Located approximately 12 miles east of downtown Los Angeles, El Monte is the hub of the San Gabriel Valley, where two major freeways – Interstates 605 and 10 – intersect. Other transportation alternatives are offered by a MetroLink train station, MTA bus terminal and El Monte Airport, a county-operated general aviation facility with a population of 120,000

Investment Highlights

  • 100% occupied retail center centrally located in the high-end, affluent San Gabriel Valley submarket of El Monte, CA
  • Ideal unit sizes averaging 1,345 square feet
  • Ideal unit sizes averaging 1,345 square feet. The subject property features 19 on-site parking spaces in the front of the property
  • All leases in place with a minimum term of 2.5 Years
  • Current rents are below market rents, creating a value-add opportunity

Exclusively Listed By

Financing By

Shopping Strip

10733 Lower Azusa Rd

Listing Price: $1,625,000

Cap Rate
5.37%
Gross SF
4,035
Rentable SF
4,035
Price/Gross SF
$402.73
Lot Size
0.29 acres
Year Built
1950

Investment Highlights

  • 100% occupied retail center centrally located in the high-end, affluent San Gabriel Valley submarket of El Monte, CA
  • Ideal unit sizes averaging 1,345 square feet
  • Ideal unit sizes averaging 1,345 square feet. The subject property features 19 on-site parking spaces in the front of the property
  • All leases in place with a minimum term of 2.5 Years
  • Current rents are below market rents, creating a value-add opportunity

Investment Overview

Marcus & Millichap has been selected to exclusively represent for sale 10733 Lower Azusa Road, a 4,035 square foot strip center situated on 12,829 square feet of land in El Monte, CA. The subject property is located at the highly trafficked intersection of Lower Azusa Road and Persimmon Avenue, which features average daily traffic counts of 30,816 vehicles per day. The building is demised into three spaces, with an ideal average suite size of 1,345 square feet. The property also features a double sided billboard that generates additional income. 10733 Lower Azusa Road is currently 100% occupied. All the existing leases in place have over 2.5 years remaining at below market rents, making this an excellent opportunity for an investor in a prime San Gabriel Valley location. 10733 Lower Azusa Road is home to a Barbershop, Fiber Optics Center, and a Bar/Restaurant. The subject property features 19 on-site parking spaces for the property, a parking ratio of 4.03 parking spaces per 1,000 square feet. 10733 Lower Azusa Road is an excellent location within the El Monte submarket, just one mile from the Peck Road Water Conservation Park, as well as the San Gabriel Valley Airport. The subject property features a strong Walk Score® of 71 and is considered a Very Walkable location. The property is situated on Lower Azusa Road and its surrounding national retailers, such as In-N-Out, Jack in The Box, Starbucks, Popeyes, 7 Eleven, Sam’s Club, McDonald’s, Chase Bank, Yoshinoya, and The Home Depot. 10733 Lower Azusa Road is in the heart of El Monte, CA. El Monte is a residential, Industrial, and commercial city in Los Angeles, CA. The city lies in The San Gabriel Valley, east of the city of Los Angeles. El Monte slogan is "Welcome to Friendly El Monte" and is historically known as "The End of The Santa Fe Trail." Located approximately 12 miles east of downtown Los Angeles, El Monte is the hub of the San Gabriel Valley, where two major freeways – Interstates 605 and 10 – intersect. Other transportation alternatives are offered by a MetroLink train station, MTA bus terminal and El Monte Airport, a county-operated general aviation facility with a population of 120,000

Exclusively Listed By

Financing By

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