12101-12119 Garfield Ave 9,850 SF 100% Leased Retail Building South Gate, CA 90280 $2,450,000 ($248.73/SF)
INVESTMENT HIGHLIGHTS
- Opportunity to Maximize Value: With all 5 tenants currently on modified gross leases, an investor is offered a prime opportunity
- Short Term Leases: With three tenants on month-to-month leases and another tenant having just ±1.5 years of term left
- Strong Demographics: This property offers excellent visibility as the 5-mile population is over 900,000 and in addition to the local businesses
- Below Market Rents: The existing leases are below market rates, presenting an additional value-add opportunity for a buyer to increase rental income
- High-Traffic Area: Surrounded by a mix of national and local businesses, commercial properties, and densely populated residential neighborhoods
- Strong Growth Potential: Located in a thriving retail corridor with excellent exposure, making it an ideal investment for long-term appreciation
EXECUTIVE SUMMARY
Broker of Record
David Harrington
License No. 02168060 (CA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave.,
Suite 1225, El Segundo, CA 90245
David Harrington
License No. 02168060 (CA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave.,
Suite 1225, El Segundo, CA 90245
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,850 SF
Building Class
C
Year Built
1950
Price
$2,450,000
Price Per SF
$248.73
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.44
Lot Size
0.51 AC
Zoning
C3
Parking
14 Spaces (1.42 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Abc Hardware
- Retailer
- -
- -
- -
- La Vaquita Mini Market
- Retailer
- -
- -
- -
- Salon J-Rotika
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Abc Hardware | Retailer | - | - | - | ||
| La Vaquita Mini Market | Retailer | - | - | - | ||
| Salon J-Rotika | Services | - | - | - |
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6243-010-040 | Improvements Assessment | $169,954 |
| Land Assessment | $509,895 | Total Assessment | $679,849 |
