Duong Investment Group

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 Vice President Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643