Listed by Lee & Associates - Pasadena
$10,500,000
525-549 New Los Angeles Ave
Details
APN 512-0-180-110
Property Type Retail
Sub Type Shopping Center
Square Footage 21,597
Cap Rate 6.92%
Tenancy Multi
Broker Co-Op Yes
Year Built 1995
Buildings 3
Stories 1
STABILIZED CORE NNN INVESTMENT
Marketing description
Well known in Moorpark as part of restaurant row, the restaurant tenants are well known and very established and have been serving the community for many years.
LA Spring Shopping Center is surrounded by dense multi-family housing all within walking distance. Neighboring schools, “on the way out” and “on the way home” access, offer a consistent daytime and evening customer base.
Investment highlights
• Busiest shopping center in Moorpark
• Co-Anchored by McDonalds & Starbucks (not a part) with established national tenants: Little Caesars, H&R Block and AT&T
• Current vacancies have new HVAC units on roof
• Prominent building signage
• Signalized hard corner with traffic count of 55,000 cars per day
Listing Contacts
Listed by Lee & Associates - Pasadena
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