Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 1725 Nogales St
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional Rowland Heights, CA retail center, the Venti Clock Tower, presents a compelling investment opportunity. Located at 1725 Nogales St, 91748, in Los Angeles County, this 25,600 square foot, single-level property boasts a diverse mix of 12 tenants within 14 units, achieving a 90% occupancy rate. The current Net Operating Income (NOI) stands at $539,915, yielding a 5.51% cap rate, with a pro-forma NOI projected at $588,000 and a 6.00% pro-forma cap rate. The property features ample parking (103 spaces) and benefits from a cell tower lease, adding to its strong financial performance. The center is zoned C2B and includes rent bumps. Its prime location at the intersection of Colima Road and Nogales Street in the East San Gabriel Valley ensures high visibility and traffic counts. The property is further enhanced by a popular Korean BBQ restaurant, attracting a substantial customer base. This owner/user investment opportunity is ideal for those seeking a stable, high-performing retail asset with a diverse tenant base and significant upside potential. The asking price is $9,800,000, translating to $382.81 per square foot. Easy freeway access via the 60 and 57 freeways adds to its convenience and appeal. The property is a triple-net (NNN) lease.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rowland Heights
- County
- Los Angeles
- State
- California
- Longitude
- -117.89
- Latitude
- 33.9869
