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FOR SALE: Whittier Plaza
5039-5059 Whittier Blvd.
Los Angeles, CA 90022
$9,000,000
One Resource | All Markets | All Commercial
PROPERTY OVERVIEW:
Beautifully maintained strip center with three
street access (Whittier Blvd/ Fraser Ave/ Clela
Ave). Located in the core of a prime East LA trade
area with outstanding population density and
great street exposure. One of a kind property
with loads of potential!
LOCATION: L940 E. Country Line
Center Ridgeland, MS 39157
PRICE: $2,399,000
NOI: $178,432
LAND AREA: 1.122 Acres
BUILDING AREA: 7,527 SF
YEAR BUILT: 2005
TENANTS: Verizon Wireless, Honey Baked Ham
LEASE TYPE: Modified NNN
YEARS LEFT: Approx. 5 Years
INCOME $61,029
HONEY BAKED HAM $138,424
VERIZON WIRELESS $199,453
TOTAL RENTAL INCOME ($9,973)
VACANY ALLOWANCE (5%) $189,480
EFFECTIVE GROSS INCOME ($45,036)
EXPENSES $38,560
CAM REIMBURSEMENTS $183,004
NET OPERATING INCOME $2,399,000
OFFER PRICE 7.63%
CAP RATE $319
PRICE | SF
Michael Pourmirza, CCIM
Chief Commerical Advisor
Tel: (818) 466-6404
Fax:(818) 232-9100
Email: pourmirza@yahoo.com
WWW.PEAKCOMMERCIAL.COM pourmirza@c21peakcommercial.com
CalBRE #01016425
