Strip Center 7.78% Cap In-Place & Owner User | 12040 Paramount Blvd
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Strip Center 7.78% Cap In-Place & Owner User 12040 Paramount Blvd
5,125 SF 100% Leased Retail Building Downey, CA 90242 $2,900,000 ($566/SF) 7.78% Cap Rate
Investment Highlights
- Generous Parking Ratio and Visibility
- Stablized Leased Investment 7.06% Cap Rate - w/NNN leases on 76% of RSF
- Ideal Owner User - up to 65% of the leases expiring by May 2025
- Adjacent to Heavy Foot Traffic - Shakey's Pizza and Extremely Popular Tempo Cantina
Executive Summary
Kidder Mathews is the exclusive agent for a strip center in the City of Downey. This property has an excellent diversified tenant mix, with triple (NNN) net leases on 76% of the rentable square footage. An Owner User has the flexibility of occupying up to 65% of the building, since there is month-to-month and short-term lease with no options to by May 2025. This Buyer profile can enjoy a supplemental income stream from the remaining unused square footage, lowering their occupancy costs while obtaining highly leverage SBA or Conventional financing up to 90% financing. On the other hand, as a leased investment the property is a stabilized investment that yields just over a 7 Cap Rate based on in-place income from its current tenants.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,125 SF
Building Class
C
Year Built/Renovated
1965/2023
Price
$2,900,000
Price Per SF
$566
Cap Rate
7.78%
NOI
$225,620
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.37 AC
Zoning
DOC1
Parking
16 Spaces (3.12 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
Walk Score ®
Very Walkable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6259-003-054 | Total Assessment | $1,538,751 (2024) |
| Land Assessment | $1,061,208 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $477,543 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
6259-003-054
Land Assessment
$1,061,208 (2024)
Improvements Assessment
$477,543 (2024)
Total Assessment
$1,538,751 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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Strip Center 7.78% Cap In-Place & Owner User | 12040 Paramount Blvd
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