Highlights

• Historically Low Vacancy Rate
• Prime Mid/Wilshire - Koreatown Location
• Uptrend Potential

• NNN Lease
• 3:1000 Parking Ratio

Description

Vermont Plaza is a shopping center located at Vermont Avenue and San Marino, one of the busiest street and intersection in Koreatown. This is exceptionally excellent opportunity to acquire stable 14,700 square foot strip shopping center in Koreatown that has shown historically low vacancies. This two-story building was built in 1981. The net operating income is over $41,000 per month which includes income from billboard located at the property. Large portion of leasable area is below fair market rent compared to the other properties in the area. The property has opportutinity for potential uptrend!!! Please do not disturb the Tenants!!

The property is located in the Mid-Wilshire/Koreatown neighborhood, an area undergoing transformative growth and densification. Koreatown holds the world's largest Korean population outside of Seoul. Substantial influx of people has been accompanied by an equally impressive in-flow of capital. Koreans have aggressively invested in U.S. real estate in the wake of the South Korean government's elimination of foreign investment caps. In addition, the property is located in the area that has shown historically low vacancy with demands for new retail spaces.