Rosemead Retail Portfolio For
9000 9008 9010 & 9014 Garvey Ave Portfolio, Rosemead, CA
For Sale
Contact for pricing
Retail portfolio in strong commercial area with significant rental upside.
Property Size44,805 SF
Lot Size2.60 Acres
Price / SF$340.36
Days on Market884
Property Features for 9000 9008 9010 & 9014 Garvey Ave Portfolio
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Growth Investment Group California
Listed By:
Han Widjaja Chen
(626) 594-4900
Source:
Moodyscre
Added: Jun 10, 2024
Changed: Oct 26
Last Checked: Nov 8 at 4:49AM
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
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$991,292
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,825,840
$19.8M
Cap Rate 7%
$14,161,314
$14.2M
Cap Rate 9%
$11,014,356
$11.0M
Market Conditions
NOI Build-Up for 44,805 SF
Gross rent
$1.52M $33.84/SF
− Vacancy
−$100.1K −$2.23/SF
EGI
$1.42M $31.61/SF
− OpEx
−$424.8K −$9.48/SF
NOI
$991.3K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,825,840
Cap Rate 7%
$14,161,314
Cap Rate 9%
$11,014,356
Alternative Uses
Best Use
Retail
$14.16M
$12.39M – $16.52M
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
NOI $1,679,190 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,401
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Los Angeles County
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Bebe de gualmart — 2449 Loma Ave, South El Monte, CA 91733
- My Lien Plaza — 8662 Garvey Ave # B, Rosemead, CA 91770
- Golden Vista Plaza — 8595017016, 9251 Garvey Ave, South El Monte, CA 91733
- Victory Plaza — 9661-9663 Garvey Ave, South El Monte, CA 91733
- Flair Spectrum — Rio Hondo Ave, El Monte, CA 91731
Frequently Asked Questions
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.
