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    Rosemead Retail Portfolio For Sale Title is generated by Realmo AI

    9000 9008 9010 & 9014 Garvey Ave Portfolio, Rosemead, CA

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    Retail portfolio in strong commercial area with significant rental upside.

    Type:RETAIL
    Property size:
    44,805 SF
    Lot size:
    2.60 Acres
    Price / SF:
    $340/SF
    Added:
    Jun 10, 2024
    Days on Market:
    739
    Last Refresh:
    May 20 at 8:19 pm

    Property Features for 9000 9008 9010 & 9014 Garvey Ave Portfolio

    General Information

    Standard status
    Active
    Size
    44,805 SF
    Lot size
    2.60 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Han Widjaja Chen

    Listing agent Han Widjaja Chen

    Listing office Growth Investment Group California

    Listing date Jun 10, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Growth Investment Group California

    HighLights

    • Extremely strong commercial location on Garvey Ave, a major retail corridor.
    • Enjoy an attractive 8.32% proforma cap rate.
    • Estimated ±53% upside in rents.
    • Long‑time tenants provide stability.
    • Opportunity for lease renegotiation.
    • Located in San Gabriel Valley.

    Overview

    Located in a strong commercial area on Garvey Avenue, a main retail corridor and major thoroughfare in San Gabriel Valley, this portfolio offers an estimated 8.32% proforma cap rate. The property totals 44,805 square feet. There is an estimated 53% upside in rents, with most tenants being long-time occupants due for lease renegotiation.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $1.52M $33.84
    − Vacancy −$100.1k −$2.23
    EGI $1.42M $31.61
    − OpEx −$424.8k −$9.48
    NOI $991.3k $22.12
    44,805 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $14.16M
    $12.39M – $16.52M (±1% cap)
    NOI $991,292 @ 7.0% cap · market cap 6.50%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $23.99M
    $20.99M – $27.99M (±1% cap)
    NOI $1,679,190 @ 7.0% cap · market cap 11.01%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Saigon Noodles Food ... Big Box & Wholesale Store Quang Tran Inc Food Processing Plant VIKON CENTER Business Service Center Tantawan Thai Kitchen Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Flair Spectrum — Rio Hondo Ave, El Monte, CA 91731
    • Golden Vista Plaza — 8595017016, 9251 Garvey Ave, South El Monte, CA 91733
    • Victory Plaza — 9661-9663 Garvey Ave, South El Monte, CA 91733
    • Bebe de gualmart — 2449 Loma Ave, South El Monte, CA 91733
    • My Lien Plaza — 8662 Garvey Ave # B, Rosemead, CA 91770

    Location Insight

    • Map
    • Local Demand
    City
    Rosemead
    County
    Los Angeles
    State
    California
    Longitude
    -118.073
    Latitude
    34.0626

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    FAQs

    What type of property is this?
    Shopping center - Retail portfolio in strong commercial area with significant rental upside.
    Where is this shopping center located?
    The property is located at 9000 9008 9010 & 9014 Garvey Ave Portfolio Rosemead, CA.
    What is the asking price?
    The asking price for this property is $15,250,000.
    What are key features of this property?
    This property features: Extremely strong commercial location on Garvey Ave, a major retail corridor.; Enjoy an attractive 8.32% proforma cap rate.; Estimated ±53% upside in rents.
    (626) 594-4900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Han Widjaja Chen
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