Highlights

• Exceptional supply constrained location
• Strong 7.5% going in cap rate
• Diversified tenant base

• Excellent traffic counts
• High historical occupancy
• Huge tracts of land

Description

Rancho Tech Center is a mixed-use retail, and business park built in 1979 and updated within the last 5 years. The property boasts a well-balanced tenant mix ranging between quick serve restaurant, office, flex, and other business park and retail uses. Name brand tenants include Quiznos, Apple Spice Junction and US Health Works.

The improvements are built on a 180,000 square foot lot with a total rentable square footage of just under 75,000 Sq Ft. The building amenities include: abundant parking, excellent clear height, great signage, and well-maintained common areas. Building 1 (801) had a new roof put on in 2005, Building 2 (855) and Building 3 (901) were replaced in 2007.

The Rancho Tech Center is located in the South Bay area at the northwest corner of W. Victoria St and S. Wilmington Ave, both major thoroughfares, in the Rancho Dominguez area, Los Angeles County. This center is ideally situated one quarter of a mile south of the Artesia Freeway (91) at the Wilmington exit. The property offers 311 feet of frontage on Wilmington, and 575 feet of frontage on Victoria, the two major five-lane arteries in Rancho Dominguez. The Rancho Tech Center is the gateway property to the entire surrounding area.

The major economic spheres of influence in the area are the Dominguez Technology Center, the Home Depot National Olympic Training Center and Galaxy Soccer Home Stadium, Cal State University Dominguez Hills, the Ports of Los Angeles, and Long Beach and Tom Bradley International Airport (LAX).