Cornerstone Plaza, a 9,500 square foot multi-tenant shopping center, presents a compelling investment opportunity in Azusa, California. Located at 100 W Foothill Blvd, 91702, this property boasts a prominent corner location at the intersection of Foothill Boulevard and Azusa Avenue, a high-traffic area within the city. Currently, the center enjoys 86.9% occupancy with tenants including Nektar Juice, Subway, and Pearl Nail Spa. The property features a strong net operating income (NOI) of $242,858, yielding a 5.52% cap rate on an asking price of $4,400,000. Built in 1978, the center sits on a 21,163 square foot lot and is zoned AZCBD. Its strategic location offers exceptional visibility and accessibility, with proximity to major amenities such as Target, the Azusa Metro Station, and the Orchard, a new mixed-use development. Furthermore, Azusa Pacific University and Citrus College are conveniently located within minutes. This property offers an investor the chance to capitalize on a well-situated retail center with potential for increased value through lease-up opportunities. The Los Angeles County property (APN 8611-004-041) is a prime asset in a thriving San Gabriel Valley community, surrounded by established residential areas and neighboring cities including Pasadena, Arcadia, Monrovia, Glendora, La Verne, and Claremont.
Highlights
9,500 SF multi-tenant shopping center in Azusa, CA.
Prominent corner location at Foothill Blvd & Azusa Ave, high traffic area.
86.9% occupancy with strong tenants including Nektar Juice, Subway, and Pearl Nail Spa.
$4,400,000 asking price with a 5.52% cap rate and $242,858 NOI.
21,163 SF lot, AZCBD zoning, built in 1978.
Property Details
for 100 Foothill Blvd
Property type
Lifestyle centers, Power centers
Square Feet
9,500 SF
Year Built
1978
Location Insight
City
Falling Springs
County
Los Angeles
State
California
Latitude
34.2667473
Longitude
-117.8545867
100 Foothill Blvd, Falling Springs, California
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Contacts
David Chen
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100 Foothill Blvd, Falling Springs, California, 91702
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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100 Foothill Blvd
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