16269 Whittier – Absolute NNN L.A. County Investment | 4% Annual Increases
16269 Whittier Boulevard, Whittier, CA 90603
Closing Notes
- Multiple Offers Generated
- Sourced All Cash Buyer with Short Contingency Period of Just 21 Days
- Closed at 98% of List Price
Property Description
Price: $3,455,000
Price Per/SF: $215.94
Land Area: ±40,599 Square Feet
Cap Rate: 5.00%
Gross Leasable Area: ±16,000 Square Feet
Year Built: 1973
Investment Highlights
Nearly 200 Feet of Frontage on Whittier Boulevard (±36,400 Cars Per Day), a Main Thoroughfare for Residents and Visitors to the Area
Located Just One Block from Whittwood Town Center, a 783,000 Square Foot Open-Air Shopping Village Anchored by Target & Kohl’s
Absolute NNN Lease with Minimal Landlord Responsibilities
Excellent Investment Fundamentals
- Absolute NNN Lease with Over Four Years Remaining and 4% Annual Increases
- Low Monthly Rent of Just $0.90/SF NNN
- Long Term Tenancy – Tenant has Occupied the Property for Over 10 Years
- The Subject Property is Located Within the Envision Whittier General Plan with a Planned Zoning of: R-4 – High Density Residential
Excellent Surrounding Area & Strong Real Estate Fundamentals
- Located Just One Mile from Beach Boulevard (±35,000 Cars Per Day)
- Strong Residential and Commercial Presence in Close Proximity to the Subject Property – Daytime Population Exceeds 378,301 Within Five Miles
- ±0.93 Acre Lot Size
- Dense, Infill Area – Population Counts Exceed 405,602 Within Five Miles | Average Household Income of $119,749 Within 3 Miles
Contact Information
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643