10915-10995 Rosecrans Ave Norwalk, CA 90650

Property Details for 10915-10995 Rosecrans Ave

Year built

1991

Lot size

3.53 lot acres

Property size

45,477 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional opportunity presents a fee-simple, grocery-anchored shopping center in Norwalk, CA. The 45,477 square foot property, built in 1991 and renovated in 2023, sits on 3.53 acres and includes three one-story buildings with 205 parking spaces. Anchored by Superior Grocers, a major Southern California chain, the center boasts 96.4% occupancy and a strong NOI of $680,826, yielding a 5.49% cap rate. The asking price is $12,400,000 ($272.67/sq ft). Current NNN leases offer significant upside potential due to below-market rents and short-term agreements with multiple tenants. Located at the highly trafficked intersection of Rosecrans Ave. and Studebaker Rd., near the I-605 freeway, the center benefits from excellent visibility and accessibility within a densely populated area (258,483 residents within a 3-mile radius, average household income exceeding $105,805). The property's multiple parcels and structures offer various repositioning and disposition strategies for the new owner. This is a rare chance to acquire a well-established, value-add retail center with a proven track record and substantial growth potential. The property consists of two parcels with APNs 8052-001-038 and 8052-001-039.