Downey Gateway | 8236 - 8276 Firestone
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Downey Gateway 8236 - 8276 Firestone
27,088 SF 100% Leased 4-Star Retail Building Downey, CA 90241 $17,500,000 ($646/SF) 5.56% Cap Rate
Investment Highlights
- Heavy Traffic Corner Intersection
- Mixed of Internet Resistant Restaurant & Service Tenants
- National & Local Tenant Mix
- Dense, Infill Urban Demographics
- Heavy Foot Traffic
- Excellent Exposure & Visibility
Executive Summary
100% Leased - Prime NNN Investment Opportunity located in the heart of Downtown Downey. Downey Gateway is a 14 -Tenant, 27,088* square foot, newly revitalized restaurant and entertainment center located in the heart of Downtown Downey. The center is located on a
busy intersection of Firestone Boulevard and Downey Avenue in the heart of Downtown's Downey. Downey Gateway is an exciting and
iconic point of destination for local residents and visitors alike. The center is situated on 1.16 acres and comprises 4 separate building
featuring an entertainment courtyard with a large screen TV for outdoor music. Convenient parking for Downey Gateway customers is
assured with a large parking lot shared by the adjacent building and the city. The ideal tenant mix consists of 72% (10 out of 14), internet
resistant restaurant tenants which draws in customers for evening and weekend for food and entertainment. In addition to a large percentage of internet resistant restaurant tenants, the property also has 22% (3 out of 14), internet resistant service related tenants, and 6% (1 out of 14), retail tenant. Investors will benefits from the lack of short term lease roll over as 81% of the current tenants have lease terms that do not expire until at least 2027 or later. 90% of the tenants have executed lease extensions, demonstrating their commitment and confidence in their long-term success at the property.
busy intersection of Firestone Boulevard and Downey Avenue in the heart of Downtown's Downey. Downey Gateway is an exciting and
iconic point of destination for local residents and visitors alike. The center is situated on 1.16 acres and comprises 4 separate building
featuring an entertainment courtyard with a large screen TV for outdoor music. Convenient parking for Downey Gateway customers is
assured with a large parking lot shared by the adjacent building and the city. The ideal tenant mix consists of 72% (10 out of 14), internet
resistant restaurant tenants which draws in customers for evening and weekend for food and entertainment. In addition to a large percentage of internet resistant restaurant tenants, the property also has 22% (3 out of 14), internet resistant service related tenants, and 6% (1 out of 14), retail tenant. Investors will benefits from the lack of short term lease roll over as 81% of the current tenants have lease terms that do not expire until at least 2027 or later. 90% of the tenants have executed lease extensions, demonstrating their commitment and confidence in their long-term success at the property.
Data Room Click Here to Access
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
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 - 2022) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
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
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
27,088 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2013
Price
$17,500,000
Price Per SF
$646
Cap Rate
5.56%
NOI
$972,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Land Acres
1.16 AC
Zoning
DOM2 - Commercial
Frontage
Amenities
- Banking
- Bus Line
- Corner Lot
- Courtyard
- Restaurant
- Signage
- Signalized Intersection
- Monument Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Chop'd Downey
- Accommodation and Food Services
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
- La Chula Restaurant
- Accommodation and Food Services
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
- Legends Boardshop
- Retailer
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
- Starfish Sushi
- Accommodation and Food Services
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
- Stinkin Crawfish
- Accommodation and Food Services
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
- Sugar & Glow
- Services
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
- Taquero Mucho
- Accommodation and Food Services
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
- The Hummus Factory
- Accommodation and Food Services
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
- Waba Grill
- Accommodation and Food Services
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
- Yogurtland
- Accommodation and Food Services
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Chop'd Downey | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
La Chula Restaurant | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
Legends Boardshop | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
Starfish Sushi | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
Stinkin Crawfish | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
Sugar & Glow | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
Taquero Mucho | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
The Hummus Factory | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
Waba Grill | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
Yogurtland | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score ®
Walker's Paradise (91)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 6255-003-018 | Total Assessment | $18,406,061 (2024) |
Land Assessment | $10,039,670 (2024) | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $8,366,391 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
6255-003-018
Land Assessment
$10,039,670 (2024)
Improvements Assessment
$8,366,391 (2024)
Total Assessment
$18,406,061 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
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Downey Gateway | 8236 - 8276 Firestone
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