16388 Colima

    Hacienda Heights, CA 91745
    • $6,988,000
    • STATUS: Active
    • ON SITE: 186 days
    • ID#: AR19097567
    UPDATED: 79 min ago
    $6,988,000
    • 0
      BEDS
    • 1.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 19,380
      SQFT
    • $361
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2004
    County:

    School Ratings & Info

    Description

    PLAZA DEL ESTE -> First time on market since it was built by its original developer. This hard corner property makes it extremely attractive for business owners and investors because of the exposure from +-26,101 cars passing by per day and traffic signals on both streets (Colima Rd and Punta Del Este Dr). The property is of a high-quality, newer construction built in 2004. It is a two-story office/retail building with a combined gross building size of +-19,380 square foot (including covered walkway, buyer to verify) situated on a large +-45,944 square foot lot. It is occupied by many stable and long-time tenants. The property offers ample parking with 68-spaces on-site and many off-site street parking available. Additional Highlights: First time for sale by the original developer! Proforma CAP Rate over 7%, Superb demographics (+-$121,000 AHH within a-mile radius), Excellent location a major street (Colima Road) with an excellent visibility (+-26,101 cars per day),High-quality newer construction building with New Roof and New HVAC systems (6 new HVAC units), Flexible unit configuration making a wide appeal to different type of tenants including medical office use, The building has great curb appeal with a sizable area for placement of a building monument sign, Large lot size with ample parking (68 spaces)

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-19T09:27:10.49. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/94886688

    16388 Colima Hacienda Heights, CA 91745

    • Price: $6,988,000
    • Status: Active
    • Updated: 79 min ago
    • ID#: AR19097567
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.05
    Acres
    19,380
    SQFT
    $361
    $/SQFT
    2004
    Built
    Neighborhood:
    631 - Hacienda Heights
    County:
    Los Angeles
    Area:
    631 - Hacienda Heights
    Property Description
    PLAZA DEL ESTE -> First time on market since it was built by its original developer. This hard corner property makes it extremely attractive for business owners and investors because of the exposure from +-26,101 cars passing by per day and traffic signals on both streets (Colima Rd and Punta Del Este Dr). The property is of a high-quality, newer construction built in 2004. It is a two-story office/retail building with a combined gross building size of +-19,380 square foot (including covered walkway, buyer to verify) situated on a large +-45,944 square foot lot. It is occupied by many stable and long-time tenants. The property offers ample parking with 68-spaces on-site and many off-site street parking available. Additional Highlights: First time for sale by the original developer! Proforma CAP Rate over 7%, Superb demographics (+-$121,000 AHH within a-mile radius), Excellent location a major street (Colima Road) with an excellent visibility (+-26,101 cars per day),High-quality newer construction building with New Roof and New HVAC systems (6 new HVAC units), Flexible unit configuration making a wide appeal to different type of tenants including medical office use, The building has great curb appeal with a sizable area for placement of a building monument sign, Large lot size with ample parking (68 spaces)
    Exterior Features

    Lot Features Lot Over 40000 SqftIrregular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 68.00

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Natural Gas Heating YN Yes Laundry Features None Office Class B

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 5.09 Country Us Investment Property YN Yes Land Lease YN No Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 38 Property Sub Type Mixed Use Retail Center Type Mixed Use Special Listing Conditions Standard Water Source Public Year Built Source Assessor Zoning Lcra

    Listing provided courtesy of Handoko Chen of Gig Real Estate Inc. and Donald La of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-19T09:27:10.49. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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