Western Plaza | Prime Corner Strip Center | 10714 S Western Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Western Plaza | Prime Corner Strip Center 10714 S Western Ave
10,340 SF 100% Leased Retail Building Los Angeles, CA 90047 $4,642,287 CAD ($449 CAD/SF) 6.92% Cap Rate
Investment Highlights
- Block-Size Retail Center with Long-Standing and Desirable Tenant Mix
- Successful Mix of National, Regional, and Local Tenant Base
- Internet Resistant Tenants with Favorable WALT
- Signalized, Hard Corner Location
- Dense Infill Demographics with High Visibility on Western Ave
- Located In Proximity to Sofi Stadium, Hollywood Park, KIA Forum and Intuit Dome
Executive Summary
Compass is pleased to exclusively offer the opportunity to acquire Western Plaza; a multi-tenant retail strip center located in Los Angeles’ South Bay. The property was developed in 2008, and spans an entire block along Western Avenue, one of Los Angeles’ longest and most traveled thoroughfares. Located less than one mile from both the 105 and 110 freeways, the property is surrounded by one of the most dense infill and residential demographic bases in the county. The property spans ±10,340 SF, and consists of a single-story building situated on ±34,727 square feet (.79 AC) of land. The project holds an on-site, surface level parking lot accommodating 47 spaces (4.5/1,000 ratio), greater than original and today’s zoning requirements. The 7-unit project is anchored by Little Caesars (corporate guarantee) featuring of a long-standing and desirable tenant roster. The opportunity presents both immediate and long-term upside as well as rental growth potential, advantageously poised as a successful addition to any investor’s portfolio.
__________________________________
*For All Inquiries: Please Contact Oliver Ghadoushi.
*Buyer to verify any and all accuracy of information.
__________________________________
*For All Inquiries: Please Contact Oliver Ghadoushi.
*Buyer to verify any and all accuracy of information.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,340 SF
Building Class
B
Year Built
2008
Price
$4,642,287 CAD
Price Per SF
$449 CAD
Cap Rate
6.92%
NOI
$321,246 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Land Acres
0.80 AC
Zoning
C3 - LCC3*
Parking
47 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
258 ft on S Western Ave
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Monument Signage
- Air Conditioning
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 6077-001-001 | Improvements Assessment | $3,137,730 CAD |
Land Assessment | $1,411,976 CAD | Total Assessment | $4,549,707 CAD |
PROPERTY TAXES
Parcel Number
6077-001-001
Land Assessment
$1,411,976 CAD
Improvements Assessment
$3,137,730 CAD
Total Assessment
$4,549,707 CAD
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Western Plaza | Prime Corner Strip Center | 10714 S Western Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.