18253 Colima Rd Rowland Heights, CA 91748-2666
- Investment properties
- 16,526 SF
- 0.22 lot acres
Current Use by Public Records
- SCOTT HAIR / Hair Salon
- Pacific Alliance Bank / Bank
- Los Angeles National Bank / Bank
- AI DRAMA 爱剧本 Murder Mystery Club / Board Game Club
- California Truck Dispatch Training Center / Driving School
Property Details for 18253 Colima Rd
- Year built
- 2008
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.22 lot acres
- Property size
- 16,526 SF
- Zone code
- LCC1*
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 8270-006-037
- APU
- 8270006037
Description
This exceptional two-story, 16,188 square foot shopping center presents a compelling value-add investment opportunity in Rowland Heights, California. Boasting a strong 3.97% cap rate and a substantial net operating income (NOI) of $495,849, this Class B property offers significant upside potential. Built in 2008, the center sits on a 14,946 square foot lot and features a desirable multi-tenant occupancy, including Pacific Alliance Bank, Ajisen Ramen, a hookah shop, a drama school, and a trucking corporation. The property includes convenient underground parking, ample surface parking, and elevator access. Its prime corner location provides excellent visibility and accessibility, situated minutes from the 60 freeway. The asking price is $12,500,000, translating to $772.18 per square foot. The property is offered with a triple net (NNN) lease structure and features 16,000 net rentable square feet. Parcel numbers are 8270006037 & 8270006039. This is a rare opportunity to acquire a well-located, income-producing retail asset with significant growth potential.
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
- Rowland Heights
- County
- Los Angeles
- State
- California
- Longitude
- -117.906
- Latitude
- 33.9889
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
