Listed by Diversified Realty, Inc
$10,500,000
East Avenue Plaza: Multi Tenant Retail Value Add Opportunity
Details
APN 1100-771-08-0000
Property Type Retail
Sub Type Shopping Center
Net Rentable (SqFt) 53,112
Units 19
Cap Rate 7.33%
NOI $758,593
Occupancy 96%
Tenancy Multi
Pro-Forma Cap Rate 7.33%
Price per SqFt $198
Broker Co-Op Yes
Year Built 2001
Buildings 3
Stories 1
Acreage 4.690
Zoning C1
Parking Spaces 239 spaces
Investment Type Value Add
Occupancy Date 09/24/2025
Ownership Fee Simple
Retail | 7.33% CAP
Investment highlights
• Three Freestanding Single-Story Building Retail Center Totaling 53,112 SF
• Value Add Opportunity with 33,000 SF Owner-Occupied Anchor Unit to be Delivered Vacant
• Large 4.69 Acre Site with Excellent Parking (4.5/1,000 SF)
• Priced Below Replacement Cost
• Historically High Occupancy Levels in Non-Owner-Occupied Units
• Freeway Visibility from the 15 North with 171,000 VPD
• Dense, Infill Location with Low Likelihood of Additional Future Competition
• Strong 1,3 & 5 Mile Radius Demographics with Large Population & High Median Household Income
• Close Proximity to Significant Industrial Submarkets with Growing Populations
Listing Contacts
Listed by Diversified Realty, Inc
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$758,593.00
$63,216.08/mo
Valuation Metrics
0
DSCR
7.22%
Cap Rate
7.22%
ROI
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