Lakewood - Rico Plaza 11802-11820 Centralia St 18,000 SF 100% Leased Retail Building Lakewood, CA 90715 $7,500,000 ($416.67/SF)

Lakewood Plaza presents an investment opportunity in a fully leased retail center located in Lakewood, California. The property spans approximately 18,000 square feet on a 1.48-acre parcel. Built in 1979, the single-story building offers a functional layout with a building FAR of 0.28 and a slab-to-slab height of 10 feet.
The site benefits from 198 feet of frontage along Pioneer Boulevard and includes 83 surface parking spaces, equating to 4.33 spaces per 1,000 square feet leased. Zoned LKC3 for unlimited commercial use, the property accommodates a wide range of retail tenants. Positioned in a highly accessible area with strong walkability and bike scores, the center is supported by nearby major retailers and public transit access.
This asset offers long-term value through its established tenancy, ample parking, and location within a dense suburban trade area. Investors seeking a stabilized retail property with consistent cash flow and future appreciation potential will find Lakewood Plaza an attractive acquisition.