Western Plaza | Prime Corner Strip Center | 10714 S Western Ave
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Western Plaza | Prime Corner Strip Center 10714 S Western Ave
10,340 SF 100% Leased Retail Building Los Angeles, CA 90047 $3,299,000 ($319/SF) 6.92% Cap Rate
Investment Highlights
- Block-Size Retail Center with Long-Standing and Desirable Tenant Mix
- Successful Mix of National, Regional, and Local Tenant Base
- Internet Resistant Tenants with Favorable WALT
- Signalized, Hard Corner Location
- Dense Infill Demographics with High Visibility on Western Ave
- Located In Proximity to Sofi Stadium, Hollywood Park, KIA Forum and Intuit Dome
Executive Summary
Compass is pleased to exclusively offer the opportunity to acquire Western Plaza; a multi-tenant retail strip center located in Los Angeles’ South Bay. The property was developed in 2008, and spans an entire block along Western Avenue, one of Los Angeles’ longest and most traveled thoroughfares. Located less than one mile from both the 105 and 110 freeways, the property is surrounded by one of the most dense infill and residential demographic bases in the county. The property spans ±10,340 SF, and consists of a single-story building situated on ±34,727 square feet (.79 AC) of land. The project holds an on-site, surface level parking lot accommodating 47 spaces (4.5/1,000 ratio), greater than original and today’s zoning requirements. The 7-unit project is anchored by Little Caesars (corporate guarantee) featuring of a long-standing and desirable tenant roster. The opportunity presents both immediate and long-term upside as well as rental growth potential, advantageously poised as a successful addition to any investor’s portfolio.
__________________________________
*For All Inquiries: Please Contact Oliver Ghadoushi.
*Buyer to verify any and all accuracy of information.
__________________________________
*For All Inquiries: Please Contact Oliver Ghadoushi.
*Buyer to verify any and all accuracy of information.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,340 SF
Building Class
B
Year Built
2008
Price
$3,299,000
Price Per SF
$319
Cap Rate
6.92%
NOI
$228,291
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Land Acres
0.80 AC
Zoning
C3 - LCC3*
Parking
47 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
258 FT on S Western Ave
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Monument Signage
- Air Conditioning
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6077-001-001 | Improvements Assessment | $2,231,037 |
| Land Assessment | $1,003,965 | Total Assessment | $3,235,002 |
PROPERTY TAXES
Parcel Number
6077-001-001
Land Assessment
$1,003,965
Improvements Assessment
$2,231,037
Total Assessment
$3,235,002
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Greg Engel -
Oliver Ghadoushi -
Hanvid Kim -
Compass Commercial
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Western Plaza | Prime Corner Strip Center | 10714 S Western Ave
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