Property summary
Garmar Plaza, a single-story, 37,860-square-foot retail center in Montebello, CA, presents a compelling investment opportunity. Located at the highly visible southeast corner of Whittier Blvd and Wilcox Ave, this Class B property boasts 23 suites and ample parking (202 spaces). Built in 1981 and renovated in 2020, the center features a 3,645-square-foot vacant unit (Unit 2313) available for lease, ideal for retail, fitness, office, medical, or restaurant uses. The property benefits from excellent visibility with 400 feet of frontage along Whittier Blvd, creating significant curb appeal and exposure. The center is well-maintained, featuring storefront and pylon signage. The property sits on a 38,362-square-foot lot and is zoned C-2. Current tenants include a diverse mix of businesses, including Auto Zone, Bank of America, and several local businesses. The asking rate for the vacant unit is $1.60 per square foot, plus $0.60 per square foot in NNN charges, with a year-one start rate. The unit will be available December 1, 2024. The property's location in the Commerce/Vernon submarket of Montebello, CA (zip code 90640) provides easy access to major transportation routes. This is a rare opportunity to acquire a well-located, well-maintained retail center with strong tenant occupancy and significant visibility.
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