1532-1536 E Amar Rd
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1532-1536 E Amar Rd
40,382 SF 100% Leased Retail Building West Covina, CA 91792 $10,900,000 ($270/SF) 6.21% Cap Rate
Executive Summary
Lee & Associates is pleased to present the opportunity to purchase a portion of multi-tenant retail Shopping center with 2 buildings at 1532- 1536 E Amar in West Covina. The 40,382 SF shopping center is situated on a 2.9958 acre (130,496 SF) parcel along East Amar Rd. and adjacent to Azusa Ave., a highly trafficked intersection. The two buildings were built in approximately 1990 and is 100% occupied by 6 highly synergistic mixture of national, regional and local tenants. The average household incomes in a 1 mile, 3 mile, and 5 mile radius are $103,251, $106,168 and 105,685 respectively. The tenant line-up is E-commerce resistant with retail and service oriented tenants. Traffic counts are ±63,500 ADT at the major intersection of E. Amar and S. Azusa Ave. Woodside Village retail tenants include: Grocery Outlet, 99¢ Only, Island Pacific Market, Advanced Auto Parts, and Bank of America. National tenants in the trade area include: Home Depot, Target, Petsmart, and numerous other national tenants.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
40,382 SF
Building Class
C
Year Built
1990
Price
$10,900,000
Price Per SF
$270
Cap Rate
6.21%
NOI
$677,100
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Land Acres
3.00 AC
Zoning
WCPCD1*
Parking
2.76 Spaces per 1,000 SF Leased
Frontage
201 FT on Amar Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
Walk Score ®
Very Walkable (73)
PROPERTY TAXES
Parcel Number | 8730-004-018 | Improvements Assessment | $4,237,839 |
Land Assessment | $2,583,834 | Total Assessment | $6,821,673 |
PROPERTY TAXES
Parcel Number
8730-004-018
Land Assessment
$2,583,834
Improvements Assessment
$4,237,839
Total Assessment
$6,821,673
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1532-1536 E Amar Rd
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