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12205 Centralia St
Lakewood, CA 90715
First Time on Market in 40+ Years | Value-Add · Retail Property For Sale
Investment Highlights
- Value Add Opportunity - Roughly 20% Upside by bringing rents to market and converting to NNN leases
- 6.42% Current Cap Rate
- Abundant Parking - 135 Total Shopping Center Parking Spaces
- Prime 2,346 Square Foot End Month to Month Tenancy - Opportunity to Mark to Market Immediately
- Clear Path to 7.59% Cap Rate Year 2 - End Cap Month to Month
- Traffic Counts Between 16K - 21K Vehicles Per Day
Property Facts
Property Type
Retail
Property Subtype
Building Size
14,220 SF
Building Class
B
Year Built
1961
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.88 AC
Zoning
MU - General Commercial
Parking
55 Spaces (3.87 Spaces per 1,000 SF Leased)
Frontage
10’ on Norwalk Blvd
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 7057-008-016 | Improvements Assessment | $221,878 |
| Land Assessment | $581,154 | Total Assessment | $803,032 |
Property Taxes
Parcel Number
7057-008-016
Land Assessment
$581,154
Improvements Assessment
$221,878
Total Assessment
$803,032
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