Storefront Atlantic 11053-11067 Atlantic Ave
8,094 SF 37% Leased Retail Building Lynwood, CA 90262 $1,834,029 CAD ($226.59 CAD/SF)
INVESTMENT HIGHLIGHTS
- Small Unit Sizes, All Separately Metered!
- Seller Financing Available For Well Qualified Buyers!
- Great Price Per Square Foot Basis Given The Need For Renovation!
EXECUTIVE SUMMARY
Apex Properties is pleased to present this Multi-Tenant Retail Storefront Strip Center on the busy commercial
corridor of Atlantic Avenue in the city of Lynwood, CA. The building is comprised of 8 small units separately
metered that are easily leased due to their size and relatively affordable rent that can be offered to tenants upon
rehabilitation. The property enjoys 17 parking stalls in the rear and main corridor frontage with momentary access to
the Imperial Highway and 710 Freeway, conveniently located nearby. The property is need of a major remodel,
including a new roof. 4 of the 8 units have been damaged by an electrical fire. The price per square foot
accurately reflects the fire damaged condition. The site is approximately ½ mile to the west of the 710 freeway,
which has both an on-ramp and off-ramp on Imperial Highway. The 15,045 sq. ft. lot is zoned C-3 which allows for a
variety of retail and commercial uses. The property is currently occupied by three month to month tenants. Major
tenants such as El Super, Subway, Starbucks, and many others are all on Atlantic Avenue within a short distance
to the property. Seller Financing may be available for well qualified buyers.
corridor of Atlantic Avenue in the city of Lynwood, CA. The building is comprised of 8 small units separately
metered that are easily leased due to their size and relatively affordable rent that can be offered to tenants upon
rehabilitation. The property enjoys 17 parking stalls in the rear and main corridor frontage with momentary access to
the Imperial Highway and 710 Freeway, conveniently located nearby. The property is need of a major remodel,
including a new roof. 4 of the 8 units have been damaged by an electrical fire. The price per square foot
accurately reflects the fire damaged condition. The site is approximately ½ mile to the west of the 710 freeway,
which has both an on-ramp and off-ramp on Imperial Highway. The 15,045 sq. ft. lot is zoned C-3 which allows for a
variety of retail and commercial uses. The property is currently occupied by three month to month tenants. Major
tenants such as El Super, Subway, Starbucks, and many others are all on Atlantic Avenue within a short distance
to the property. Seller Financing may be available for well qualified buyers.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
8,094 SF
Building Class
C
Year Built
1947
Price
$1,834,029 CAD
Price Per SF
$226.59 CAD
Percent Leased
37%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.53
Lot Size
0.35 AC
Zoning
LYC3*
Parking
21 Spaces (2.59 Spaces per 1,000 SF Leased)
Frontage
178’ on Atlantic Ave
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Furniture For You
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Furniture For You | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - |
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6193-006-011 | Total Assessment | $1,078,863 CAD |
| Land Assessment | $539,431 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $539,431 CAD | Tax Year | 2024 |
