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$2,950,000 ($590/SF) 2040-2050 Huntington Dr

5,000 SF 100% Leased Retail Building San Marino, CA 91108 $4,259,594 CAD ($852 CAD/SF) 4.43% Cap Rate

Investment Highlights

  • * FIRST TIME ON THE MARKET IN DECADES
  • * PERFECT RETAIL-STOREFRONT-PROFESSIONAL/FINANCIAL SERVICE OFFICES
  • * LOCATED NEXT TO THE CITY HALL IN THE HEART OF PRESTIGIOUS SAN MARINO WITH AFFLUENT NEIGHBORHOOD
  • * EXCELLENT INVESTMENT OR OWNER USE PROPERTY
  • * GREAT VISIBILITY AND EXCELLENT DEMOGRAPHICS & TRAFFIC EXPOSURE WITH OVER 32,000 CPD APPROXIMATELY
  • * THE DRY CLEANER BUSINESS OPPORTUNITY IS INCLUDED IN THE LISTING PRICE AS-IS

Executive Summary

THIS IS THE 1ST TIME IT HAS BEEN ON THE MARKET IN DECADES. RARE OPPORTUNITY TO PURCHASE A PRIME STOREFRONT ONE STORY COMMERCIAL RETAIL/OFFICE/MIXED USE INVESTMENT OR OWNER USER PROPERTY LOCATED IN THE HEART OF PRESTIGIOUS SAN MARINO NEXT TO THE CITY HALL/POLICE DEPT/FIRE DEPT AND IS SURROUNDED BY RESTAURANTS, FINANCIAL INSTITUTIONS SUCH AS BOA, CHASE, WELLS FARGO, US BANK, EAST WEST BANK & CATHAY BANK AND OTHER PROFESSIONAL OFFICES, WITH EXCELLENT DEMOGRAPHICS, HIGH MEDIAN HOUSEHOLD INCOME, GREAT TRAFFIC EXPOSURE WITH APPROXIMATELY 38,000 CPD. THE BUILDING OFFERS 6 SPACES OF PARKING PLUS ABUNDANT CONVENIENT STREET PARKING INCLUDING THE DESIGNATED PARKING FROM THE CITY AND, TOTAL 5,000 SF IS CURRENTLY DIVIDED INTO TWO(2) UNITS OF WHICH ONE(UNIT #2040-3,375 SF) IS OCCUPIED BY DRY CLEANER AND THE OTHER ONE(UNIT #2050-1,625 SF) IS JUST LEASED TO THE TENANT-SCL SCHOOL(COLLEGE PREP COUNSELLING). THE DRY CLEANER BUSINESS OPPORTUNITY IS INCLUDED IN THE LISTING PRICE AS-IS OR IT CAN BE DELIVERED VACANT. VERY AFFLUENT NEIGHBORHOOD AND EASY ACCESS TO FREEWAY 110 AND 210

Attachments

Comparables Sale

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1955/2000
Price
$4,259,594 CAD
Price Per SF
$852 CAD
Cap Rate
4.43%
NOI
$188,805 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.60
Lot Size
0.19 AC
Zoning
SOC1
Parking
6 Spaces (1.2 Spaces per 1,000 SF Leased)
Frontage
50 ft on Huntington Drive

Amenities

  • Signage
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • SCL SCHOOL(COLLEGE PREP COUNSELLING)
  • Educational Services
  • 1,625 SF
  • -
  • Modified Gross
  • Jul 2027
  • Windsor Cleaners
  • Services
  • 3,375 SF
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
SCL SCHOOL(COLLEGE PREP COUNSELLING) Educational Services 1,625 SF - Modified Gross Jul 2027
Windsor Cleaners Services 3,375 SF - - -

Nearby Major Retailers

Snap Fitness 24/7
Woodforest National Bank
Bank of America
Chase Bank
U.S. Bank
Starbucks
HSBC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5334-016-013
Land Assessment
$1,039,148 CAD
Improvements Assessment
$1,080,716 CAD
Total Assessment
$2,119,864 CAD
  • Listing ID: 32934869

  • Date on Market: 2024-08-23

  • Last Updated:

  • Address: 2040-2050 Huntington Dr, San Marino, CA 91108

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