1636 Mission BlvdPomona, CA 91766

Property Details for 1636 Mission Blvd

Year built

1988

Construction

WOOD

Lot size

2.80 AC

Property size (Sq ft)

38,085 SF

Zone code

POC4

Property type

Retail properties

Property subtype

Retail space

APN

8349-001-035

APU

8349001035

Description

Mission Plaza offers a unique investment opportunity in a thriving retail location. This established shopping center boasts a strong anchor tenant, HD Supply Solutions, ensuring consistent foot traffic and a stable tenant base. Two retail spaces are currently available, presenting a chance to establish or expand your business within a well-established commercial environment. The center's strategic location benefits from proximity to key demographics. It's conveniently situated approximately 3.0 miles from Cal Poly Pomona, a major university with an enrollment exceeding 27,911 students, providing a substantial potential customer base. Furthermore, the center's location is approximately 1.9 miles from a planned development of 36 townhomes near the Pomona Metro Station, promising future growth and increased residential density in the immediate vicinity. Current co-tenants include popular and well-established businesses such as Subway and Jack in the Box, creating a synergistic retail environment and attracting a diverse range of consumers. This property presents a compelling opportunity for businesses seeking high visibility and access to a significant consumer market. The existing tenant mix and strategic location contribute to a strong potential for return on investment. The available spaces offer flexibility for a variety of retail concepts, making this an ideal opportunity for businesses looking to capitalize on a growing market. Detailed lease terms and space specifications are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $13,943,847

  6.5%

  $12,871,243

  7%

  $11,951,869

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,272,485

  Geo Method

  $18,637,230

• Alternative Use

  Use

  Valuation

  Residential

  $10,857,375

  Hospitality

  $9,945,297

  Educational

  $8,274,370

  Medical

  $8,558,939

  Retail

  $12,871,243

Location Insight

City

Pomona

County

Los Angeles

State

California

Latitude

34.0532

Longitude

-117.777

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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