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27213273
27213274

14020-14030 Pioneer Blvd, Norwalk, CA 90650

JL
CA 01942025, NE 20191334
Hanley Investment Group
BA
CA 01318078, NV COOP.0000245-AUTH
Hanley Investment Group
Listed by Hanley Investment Group
$5,130,000
274 days on market
Updated 3 days ago

Pioneer Plaza | Norwalk, CA

Details
APN 8054-021-039
Property Type Retail
Sub Type Restaurant
Square Footage 10,516
Net Rentable (SqFt) 10,516
Cap Rate 6.25%
NOI $320,215
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 7.59%
Pro-Forma NOI $389,197
Broker Co-Op Yes
Year Built 1957
Year Renovated 2021
Buildings 1
Stories 1
Acreage 0.640
Ground Lease No

Recently Redeveloped Retail Center Located at Signalized Intersection to Grocery-Anchored Center

Marketing description

CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/PioneerPlaza_Norwalk

Investment highlights

  • Recently Redeveloped Norwalk, CA (LA County) Retail Center; 85% Occupied: Strong national and regional tenant internet-resistant, service-based tenants – PLS Check Cashiers, M Dentistry, and Cole Vocational Services

    • Complete renovation in 2021

    • Devoted parking lot

    • Phenomenal signage, visibility, and access (from signal)

    • PLS Check Cashiers

      • 5 stars on Google Reviews (500+ reviews)

      • 200+ locations throughout the US

      • Top 25% nationwide within banks & financial services category (Placer.ai)

    • All tenants are on long-term NNN leases with staggered lease expirations

  • Immediate Upside Potential:

    • Opportunity to lease-up 15% vacancy (1,560 SF)

    • Increases cap rate by over 100 basis points

  • Strong Retail Corridor; Shares Signalized Intersection with Norwalk Town Square (2.5 Million Annual Visits, Placer.ai):

    • Norwalk Town Square is anchored by Grocery Outlet

    • Surrounding tenants include CVS/pharmacy, El Pollo Loco, In-N-Out Burger, Midas, O’Reilly Auto Parts, Starbucks, Taco Bell, and U.S. Bank

  • High Traffic Location Along Pioneer Boulevard (24,500 CPD)

  • Centrally Located; Exceptional Accessibility: The property is approximately 17 miles from downtown Los Angeles and benefits from its proximity to four major freeways (SR 91, I-605, I-5, and I-105) and two rail lines (Metro Green Line and Metrolink)

  • Dense, Infill Los Angeles Location; Nearly 624,000 People Within a 5-Mile Radius

  • Affluent Demographics; $123,866 Average Household Income Within a 5-Mile Radius

Listing Contacts

JL
CA 01942025, NE 20191334
Hanley Investment Group
BA
CA 01318078, NV COOP.0000245-AUTH
Hanley Investment Group
Listed by Hanley Investment Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$320,215.00
$26,684.58/mo

Valuation Metrics

0
DSCR
6.24%
Cap Rate
6.24%
ROI

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