For Sale
$4,400,000

100 Foothill BlvdFalling Springs, CA 91702

Prime Azusa retail center, high traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
115
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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100 Foothill Blvd
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