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Multi-Tenant Retail 12040 Paramount Blvd 5,125 SF 100% Leased Retail Building Downey, CA 90242 $2,900,000 ($565.85/SF) 7.05% Cap Rate
Investment Highlights
- 90% SBA Loan Potential
- Separately metered
- Shadow Anchored Shakey's Pizza & Tempo Cantina
- Month-to-Month tenancy
- Situated between I-710, I-5, I-105, and I-605 Freeways
- Large Monument Sign
Executive Summary
Kidder Mathews is pleased to present Retail Investment and Owner-User Opportunity for sale in Downey, California. This opportunity consists of mostly month-to-month tenancy, allowing either an owner-user or an investor the flexibility to implement immediate change
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,125 SF
Building Class
C
Year Built
1965
Price
$2,900,000
Price Per SF
$565.85
Cap Rate
7.05%
NOI
$204,450
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.37 AC
Zoning
DOC1 - Commercial
Parking
16 Spaces (3.12 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 6259-003-054 | Improvements Assessment | $487,093 |
| Land Assessment | $1,082,432 | Total Assessment | $1,569,525 |
Property Taxes
Parcel Number
6259-003-054
Land Assessment
$1,082,432
Improvements Assessment
$487,093
Total Assessment
$1,569,525
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Multi-Tenant Retail | 12040 Paramount Blvd
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