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23547774
23547773

215 - 229 W Anaheim St, Wilmington, CA 90744

KK
CA 01997512
Solidon Real Estate
Listed by Solidon Real Estate
$2,990,000
374 days on market
Updated 127 days ago
Opportunity zone

Wilmington Retail Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 7,070
Net Rentable (SqFt) 7,070
Units 5
Cap Rate 5.28%
NOI $157,804
Occupancy 100%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 5.69%
Pro-Forma NOI $170,000
Buildings 2
Stories 1
Lot Size (SqFt) 21,741
Zoning General Commercial
Occupancy Date 04/30/2025

Retail | 5.28% CAP | 7,070 SqFt

Marketing description

Exceptional visibility and high traffic count - This prime corner lot, located intersection of W Anaheim St and N Fries Ave, offers great visibility and high traffic count. Retail business owners have found this location attractive due to it prominent exposure and steady stream of potential customers. Prime business neighbors – Located across from well-known national chains such as Food for Less, El Super, Chase, Wells Fargo, Yoshinoya, etc., this spot enjoys the added draw of high traffic neighbors. Tenant’s Proven Success - One of the current tenants, Speedy Cash has been operating at this location since 2013. Despite undergoing multiple mergers and location consolidation, they have exercised their lease extension twice. Its longevity has proven the location’s attractiveness and robust business potential.
Upside opportunity – The remaining term on the current leases provides the new owner with a value-added opportunity to adjust the rent to the market rate.
Proximity to Long Beach Port – Long Beach Port is one of the largest ports in North America. This prime location will continue to benefit from the area’s dense population and economic activity.

Listing Contacts

KK
CA 01997512
Solidon Real Estate
Listed by Solidon Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$157,804.00
$13,150.33/mo

Valuation Metrics

0
DSCR
5.28%
Cap Rate
5.28%
ROI

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Additional Information

Name
Ki Kim
License
01997512
Brokerage
SOLiDON
Title
Real Estate Broker
Brokerage Address
21707 Hawthorne Blvd. Ste 107
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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