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Shopping Center For Sale |
Price: 7,800.000.00 |
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(Click image for full size) Compton, California 90221 The offering consists of fee simple interest in a + 28,000 gross square foot, two-level retail shopping center with mini-mall with + 25,297 net rentable square feet. MAJOR TENANTS: Metro PCS, WIC / Watts Health Care, Chinatown Express / Louisiana Fried Chicken, WIC / Kids Nutrition R Us, and OFFERING PRICE: $ 7,800,000 ($308/sq. ft.) DOWN PAYMENT: $ 2,730,000 (35%) NET OPERATING INCOME (PROFORMA): $ 609,168.43 CAP RATE: 7.81 % CURRENT OCCUPANCY: 98 % YEAR COMPLETED: 2003 BUILDING SIZE: + 28,000 gross square feet + 25,297 net rentable square feet LAND AREA: + 48,787 square feet + 1.12 acres ZONING: COCL, Los Angeles TRAFFIC COUNTS: 31,206 cars per day on Long Beach Blvd DEMOGRAPHICS: 1-mile 3-miles 5-miles POPULATION (2007): 50,540 351,703 912,734 AVG. HH INCOME (2007): $50,395 $53,084 $54,731
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