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18237423
18237422

18888 Labin Ct, Rowland Heights, CA 91748

MU
CA CA 02053595, CA CalDRE #02053595
SVN Vanguard
AY
CA 02052345
SVN Vanguard
Listed by SVN Vanguard
$37,000,000
730 days on market
Updated 7 days ago

Pearl of the East Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 118,904
Cap Rate 5.50%
Occupancy 76%
Tenancy Multi
Lease Type Gross
Class B
Year Built 2012
Acreage 6.020
Parking Spaces 90,000 spaces
Parking Per SqFt 756.91
Ground Lease No

Value Add Lifestyle Center

Marketing description

Pearl Plaza is a premier commercial shopping center located in the heart of Rowland Heights, California. This shopping center offers an excellent opportunity for investors looking to purchase a high-performing property with a diverse tenant base, staggered leases and significant upside potential.

The plaza is situated on a sprawling 6.13-acre lot and boasts over 118,904 square feet of retail space, including a variety of shops, restaurants, and entertainment venues featuring popular national brands as well as locally owned businesses. The property offers ample parking with more than 822 surface and structured parking spots, making it easily accessible to customers.

Newly constructed in 2012, an investor can rest assured that there will be minimal to no deferred maintenance. The modern architecture and inviting landscaping provides an aesthetically pleasing atmosphere to shop and dine with the local community in mind. The plaza also features several communal areas for patrons to gather, such as outdoor seating and a central courtyard with live entertainment options.

Pearl Plaza is located in a high-traffic area with over 96,000 cars passing by daily and highly visible from the Pomona (60) Freeway. The shopping center benefits from its central location, surrounded by affluent residential neighborhoods, providing an excellent customer base. It is also easily accessible from major highways, including the 60 and 57 freeways, providing convenient access to the surrounding areas.

This is an excellent opportunity for investors looking to purchase a high-performing commercial property with significant upside potential in one of Southern California's most desirable locations. Pearl Plaza is an exceptional asset that is sure to generate long-term value.

Listing Contacts

MU
CA CA 02053595, CA CalDRE #02053595
SVN Vanguard
AY
CA 02052345
SVN Vanguard
Listed by SVN Vanguard

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Additional Information

Name
Mohit Uppal
License
CA 02053595
Brokerage
SVN Vanguard
Title
Senior Advisor
Brokerage Address
4455 Murphy Canyon Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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