Duong Investment Group
In Escrow

Rowland Heights

19033 Colima Road, Rowland Heights, CA 91733

Property Description

Price: $5,800,000
Land Area: ±81,306 SF
Gross Leasable Area: ±19,800 SF
Year Built: 1969

Investment Highlights

High Identity Anchor Space on Colima Road – Ground Lease and Sublease (NAP) Expire in July, 2023

Market Rents are Significantly Higher than Current Rent, Offering a Tremendous Upside Opportunity or an Owner/User Opportunity with Very Low Effective Rent

Dense, Infill Location in a Unique Submarket with Historically Low Vacancy and High Household Income

Pride of Ownership Rowland Heights Property

  • Excellent Owner/User Opportunity with Zero Restrictions on Use | Own and Operate a Business in this Unique Submarket at an Effective Rent of Just $1.53/SF NNN (Please Contact Agents for More Details)
  • Recent Property Improvements Include Parking Lot Renovations and Painting
  • The Subject Property is Located Just South of the Nogales Street Entrance to the 60 Freeway (Traffic Counts Exceed 227,000 Cars Per Day)
  • Rowland Heights is a Particularly Niche Market with Asian Residents Comprising 60%+ of the Overall Population
      • Dense, Infill Location With Over 316,000 Residents Within Five Miles
      • Strong Average Household Income of $108,969 Within Five Miles

Outstanding Real Estate Fundamentals

  • The Subject Property is the Anchor Space of a Large Shopping Center that is Located at the Signalized Corner of Colima Road and Nogales Street
      • Strong Average Daily Traffic Counts Exceeding 82,000 Cars Per Day
  • Located on a Major Commercial Corridor with Multiple Nearby Credit Tenants Including Costco, Target, Lowe’s, Ulta Beauty, Big Lots, Rite Aid, Bank of the West, 99 Ranch Market, and Many More
      • Colima Road is also Home to a Number of Local and Regional Brand Names Including Cham Sut Gol Korean BBQ, Gen Korean BBQ, Banana Bay Restaurant First General Bank, New Omni Bank, Hanmi Bank, Bank of Hope, and Thirsty Cow Korean BBQ to Name a Few

Contact Information

Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
craig.elster@marcusmillichap.com
License: CA 01958307

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