LIST PRICE:
$5,188,000

OCCUPANCY:
71%

BUILDING SF:
±33,947 SF 
 
FEATURED LISTING:
CENTRAL PLAZA
10138 Garvey Avenue, El Monte, CA
INVESTMENT HIGHLIGHTS
 
• High Quality Acquisition Opportunity – Central Plaza is a ±33,947 SF strip center leased to a complementary “daily needs” mix of service, medical, retail and food tenancy
 
• High Traffic Location – The property features strong traffic counts exceeding ±29,800 CPD along Garvey Avenue combined with the property’s proximity to the I-10 (±210,700 CPD), there is a constant flow of traffic through the center during all parts of the day, in addition to significant foot traffic along the street
 
• Tremendous NOI Growth – Due to a combination of scheduled rental increases and rolling below market rents to market, the NOI will increase more than $200,000 (77%) over a 10-year hold period, providing an excellent hedge against inflation and producing a Compound Annual Growth Rate (CAGR) of 5.8%
 
• Below Market Lease Rates – In place rents at Central Plaza average only $0.78 PSF/MO. on a NNN equivalent basis, well below prevailing market rates, enhancing tenant stability, competitiveness and creating intrinsic value with future rental growth
 
• Low Price PSF / Below Replacement Cost Opportunity – At the list price, Central Plaza will trade at a discount to its land-inclusive replacement cost
 
• Ideal Location – The property features an irreplaceable location in the heart of a supply constrained, infill Los Angeles County trade area proximate to residential and commercial density 
 
CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM
FOR MORE
INFORMATION
PLEASE CONTACT:
 
NRP-WEST
CATHERINE ZHONG
+1 949 809 4107
微信/手机 9097189087
Lic. 02029239
[email protected]		 KIRK BRUMMER
+1 949 725 8418
Lic. 01218518 [email protected]
 
 		 ERIC SHAIN
+1 949 809 3758
Lic. 02050566
[email protected]
 
 


THIS IS A MARKETING COMMUNICATION

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