18253 Colima RdRowland Heights, CA 91748

Property Details for 18253 Colima Rd

Year built

2008

Construction

TILT-UP CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

16,526 SF

Zone code

LCC1*

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

8270-006-037

APU

8270006037

Description

This exceptional two-story, 16,188 square foot shopping center presents a compelling value-add investment opportunity in Rowland Heights, California. Boasting a strong 3.97% cap rate and a substantial net operating income (NOI) of $495,849, this Class B property offers significant upside potential. Built in 2008, the center sits on a 14,946 square foot lot and features a desirable multi-tenant occupancy, including Pacific Alliance Bank, Ajisen Ramen, a hookah shop, a drama school, and a trucking corporation. The property includes convenient underground parking, ample surface parking, and elevator access. Its prime corner location provides excellent visibility and accessibility, situated minutes from the 60 freeway. The asking price is $12,500,000, translating to $772.18 per square foot. The property is offered with a triple net (NNN) lease structure and features 16,000 net rentable square feet. Parcel numbers are 8270006037 & 8270006039. This is a rare opportunity to acquire a well-located, income-producing retail asset with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $5,776,177

  6.5%

  $5,331,856

  7%

  $4,951,008

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,897,727

  Geo Method

  $4,871,006

• Alternative Use

  Use

  Valuation

  Residential

  $5,331,856

  Hospitality

  $4,883,951

  Educational

  $4,063,390

  Medical

  $4,203,136

  Retail

  $6,320,828

Location Insight

City

Rowland Heights

County

Los Angeles

State

California

Latitude

33.9889

Longitude

-117.906

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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