11400 Garvey Ave - Prime Corner on Garvey Ave
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11400 Garvey Ave - Prime Corner on Garvey Ave
0.52 Acres of Commercial Land Offered at $3,240,000 in El Monte, CA 91731
Investment Highlights
- Prime San Gabriel Valley STNL offering presents an ideal 1031 exchange
- NNN Lease Structure
- Hard Corner Location just one block off the heavily traveled Garvey Ave/Peck Rd intersection with more than 45,161 cars per day
- Tremendous Future Residential Redevelopment Opportunity
- Strong 3% Annual Rent Increases
- Infill San Gabriel Valley Demographics boasting over 197,943 residents having an AHHI of $97,936 within three miles
Executive Summary
CBRE Investment Properties has been retained by Ownership as the exclusive marketing adviser for 11400 Garvey Ave in El Monte, Los Angeles County, CA (“the Property”). Situated on a 22,510 SF lot, the Property is 100% occupied by Apollo Auto, an established car dealership, who will execute a NNN leaseback of the site at close of escrow.
11400 Garvey Ave presents an extremely rare opportunity to purchase a single tenant net lease asset in the San Gabriel Valley with a growing cash flow stream and affords savvy investors/developers the future ability to redevelop the hard-corner site to accommodate a vertical residential development.
11400 Garvey Ave presents an extremely rare opportunity to purchase a single tenant net lease asset in the San Gabriel Valley with a growing cash flow stream and affords savvy investors/developers the future ability to redevelop the hard-corner site to accommodate a vertical residential development.
Property Facts
| Price | $3,240,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 0.52 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $3,240,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 0.52 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $3,240,000 | Lot Size | 0.52 AC |
| Price Per AC | $6,230,769 |
| Price | $3,240,000 |
| Price Per AC | $6,230,769 |
| Lot Size | 0.52 AC |
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Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $735,047 | |
| Land Assessment | $4,163,643 | Total Assessment | $4,898,690 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,163,643
Improvements Assessment
$735,047
Total Assessment
$4,898,690
zoning
| Zoning Code | MMU (Mixed/Multiuse Zoning) |
| MMU (Mixed/Multiuse Zoning) |
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11400 Garvey Ave - Prime Corner on Garvey Ave
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