Listed by CBRE - Orange County, CBRE - San Jose
$6,700,000
Durfee Plaza
Details
APN 8114-002-017, 8114-002-018
Property Type Retail
Sub Type Shopping Center
Square Footage 27,556
Cap Rate 6.22%
NOI $416,774
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar Tree
Price per SqFt $243
Year Built 1963
Buildings 2
Stories 1
Acreage 2.200
Zoning Community Commercial (C-2)
Parking Spaces 130 spaces
Parking Per SqFt 4.72
Investment Type Value Add
Ground Lease No
Ownership Fee Simple
Price Reduction! Value‑Add Shopping Center | Low Price Point | Los Angeles County (South El Monte)
Marketing description
Value-Add, Dollar Tree-Anchored Retail Center
Investment highlights
Current in-place rents average just $1.35/SF modified gross, significantly below current market rates for similar assets in the trade area
The majority of leases are gross month-to-month leases (except Dollar Tree and Wen’s Donuts) allowing a new owner the opportunity to implement a repositioning plan for the subject property
At the current list price the property is being offered for sale below replacement cost
Retail corridor in the trade area and home to a dynamic mix of both national and regional tenants that include Superior Grocers, CVS, Habit Burger, Panda Express, Autozone, Jack in the Box, Starbucks, and many others
Listing Contacts
Listed by CBRE - Orange County, CBRE - San Jose
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$416,774.00
$34,731.17/mo
Valuation Metrics
0
DSCR
6.22%
Cap Rate
6.22%
ROI
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