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31286318
31286319

7038 -7054 Greenleaf, Whittier, CA 90602

JM
CA 00902422
CBRE - Orange County
Listed by CBRE - Orange County
$12,500,000
13 days on market
Updated 11 days ago

Village Cinema Commercial Center

Details
Property Type Retail
Sub Type Commercial, Cinema
Square Footage 34,920
Cap Rate 6.75%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Renovated 2003
Lot Size (SqFt) 34,848
Investment Type Net Lease

Southern California, Above Yield 6.75% Retail Offering

Marketing description

The offering is an exciting opportunity to acquire a long-term, stabilized retail asset In affluent , uptown Whittier - two blocks north of Whittier College

Whittier Village Cinema has owned and operated the asset for over 25 years - high volume location

Parent Company , Starlight Cinemas operates 7 locations with a strong financial statement

Rarely vacant shops offer stability and upside

Freeway accessible to the San Gabriel ( 605 ) and Santa Ana (5) Freeways, and near main arterial, Whittier Boulevard

The offering represents a rare opportunity to buy a high-yielding , secure optimally located, 100% leased asset

Whittier, California, is located in Los Angeles County, Southern California, approximately 12 miles southeast of Los Angeles and only 20 miles to affluent Orange County .


Investment highlights

  • Beautifully Designed Building
  • Adjacent to ample city parking
  • Outstanding visibility
  • Excellent demographics - over $114,000 Avg Household Income and 29,000+ - 1 Mile radius
  • Near Whittier College just two blocks from site
  • East of Management - All NNN Leases
  • Many prominent traffic drivers in area include Hilton Hotel, Whittier College, Whittier High School and nearby is Whittier Boulevard, home to most nationwide, prominent retailers
  • First Time in Market in 36+ Years!

Listing Contacts

JM
CA 00902422
CBRE - Orange County
Listed by CBRE - Orange County

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