For Sale
$10,000,000

9661 Garvey Ave South El Monte, CA 91733

South El Monte Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents Victory Plaza, a two-story, 34,320 square foot shopping center in South El Monte, CA. Built in 2006, this Class C property boasts 39 tenants across a diverse range of uses including retail, banking, professional services, medical, and restaurants, creating a vibrant "one-stop shop" destination. Situated on a 66,211 square foot lot at 9661 Garvey Ave, 91733, the plaza benefits from excellent visibility and accessibility, featuring approximately 200 feet of frontage and ample parking (90 spaces, including 4 handicap spaces). An elevator provides convenient access to the upper level. The property offers a compelling net lease investment with a current cap rate of 4.60% and a pro-forma cap rate of 8.28%. The asking price is $10,000,000, translating to $291.38 per square foot. The property is zoned SEC and features a single building with a multi-tenant occupancy. No rent bumps are currently in place. This represents a rare opportunity to acquire a well-located, mixed-use retail asset in the densely populated San Gabriel Valley.

Highlights

  • 4.6% going-in cap rate, pro forma cap rate exceeding 8.28%.
  • Below-market price per unit in a prime San Gabriel Valley location.
  • Strong demographics.
  • Modern building with elevator and ample parking (minimum 3:1 ratio).
  • Rare mixed-use retail opportunity in the San Gabriel Valley.
  • Freestanding shopping plaza.

Property Details for 9661 Garvey Ave

Property type
Lifestyle centers, Power centers
Square Feet
34,320 SF
Class
C
Year Built/Renovated
2006/2006
Buildings
1
Stories
2
Units
39

Location Insight

City
South El Monte
County
Los Angeles
State
California
Latitude
34.0629075
Longitude
-118.0580782

FAQs

What type of property is this?
Lifestyle center - South El Monte Retail Investment
Where is the lifestyle center located?
The property is located at 9661 Garvey Ave South El Monte, CA.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 4.6% going-in cap rate, pro forma cap rate exceeding 8.28%.; Below-market price per unit in a prime San Gabriel Valley location.; Strong demographics.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
9661 Garvey Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message