100 Foothill Blvd Falling Springs, CA 91702
- Lifestyle centers
- 9,500 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 100 Foothill Blvd
- Year built
- 1978
- Property size
- 9,500 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Cornerstone Plaza, a 9,500 square foot multi-tenant shopping center, presents a compelling investment opportunity in Azusa, California. Located at 100 W Foothill Blvd, 91702, this property boasts a prominent corner location at the intersection of Foothill Boulevard and Azusa Avenue, a high-traffic area within the city. Currently, the center enjoys 86.9% occupancy with tenants including Nektar Juice, Subway, and Pearl Nail Spa. The property features a strong net operating income (NOI) of $242,858, yielding a 5.52% cap rate on an asking price of $4,400,000. Built in 1978, the center sits on a 21,163 square foot lot and is zoned AZCBD. Its strategic location offers exceptional visibility and accessibility, with proximity to major amenities such as Target, the Azusa Metro Station, and the Orchard, a new mixed-use development. Furthermore, Azusa Pacific University and Citrus College are conveniently located within minutes. This property offers an investor the chance to capitalize on a well-situated retail center with potential for increased value through lease-up opportunities. The Los Angeles County property (APN 8611-004-041) is a prime asset in a thriving San Gabriel Valley community, surrounded by established residential areas and neighboring cities including Pasadena, Arcadia, Monrovia, Glendora, La Verne, and Claremont.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Falling Springs
- County
- Los Angeles
- State
- California
- Longitude
- -117.855
- Latitude
- 34.2667
