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32971781
32971782

7300 Firestone Boulevard, Downey, CA 90241

HL
CA 02192921
Matthews
KB
CA 02168242
Matthews
MP
CA 01706065
Matthews
Listed by Matthews
$12,500,000
9 days on market
Updated 7 days ago

West Downey Plaza

Details
Property Type Retail
Square Footage 48,440
Units 35
Cap Rate 4.18%
NOI $522,788
Occupancy 62%
Tenancy Multi
Price per SqFt $258
Year Built 1986
Acreage 3.120
Ground Lease No

Value-Add Shopping Center with Massive Upside Potential in Prime Downey Location

Investment highlights

• Unlocking Hidden Value: Currently 62% occupied with all gross leases, West Downey Plaza presents a prime opportunity to enhance operational efficiency, reduce expenses, and significantly increase NOI through lease conversions.

• Below Market Rental Rates: On average, it is estimated that there are 22 leases at West Downey Plaza currently below-prevailing rates, further enhancing the value-add opportunity.

• Flexible Lease Terms : Approximately 63% of tenants are on month-to-month leases, providing immediate flexibility to implement more favorable triple net leases, ensuring stabilized income streams and heightened predictability.

• Strategic Location Advantage: Strategically located on Firestone Blvd with high visibility and accessibility, West Downey Plaza benefits from over 40,600 vehicles daily, ensuring optimal tenant and customer engagement.

• Strong Demographic Support : Surrounded by a robust residential community of over 248,000 people within a 3-mile radius, the plaza benefits from a steady flow of potential customers for retail businesses.

• Additional Revenue Opportunities : Investors can leverage the ±135,000 SF lot by re-developing or leasing available outparcels, thereby enhancing potential income growth and maximizing investment returns.

Listing Contacts

HL
CA 02192921
Matthews
KB
CA 02168242
Matthews
MP
CA 01706065
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$522,788.00
$43,565.67/mo

Valuation Metrics

0
DSCR
4.18%
Cap Rate
4.18%
ROI

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Additional Information

Name
David Harrington
License
01320460, 02168060 (CA
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
Name
Hunter Lambert
License
02192921
Brokerage
Matthews Real Estate Investment Services
Title
Shopping Centers
Brokerage Address
2321 Rosecrans Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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