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13516 Telegraph Rd 8,675 SF Retail Building Whittier, CA 90605 $2,625,000 ($302.59/SF) 7.20% Cap Rate
Investment Highlights
- 7.2% Pro Forma Cap Rate
- Tremendous Value-Add Investment to restructure the MTM leases and bring rents up to market
- Longstanding Tenancy on MTM leases provided ultimate flexibility for new ownership
- Ideal Owner/User Opportunity to occupy part or all of the site including 4 auto bays
- Infill, Affluent Demographics with 199,000 residents having an AHHI of $108,722 within 3 miles
- High Barriers to Entry/Tight Market Fundamentals
Executive Summary
CBRE Investment Properties has been retained by Ownership as the exclusive marketing adviser for the fee simple interest in 13516 Telegraph Road, Whittier (unincorporated Los Angeles County), CA (“the Property”). Situated on a 24,084 SF site, the Property encompasses 8,675 SF across two auto/retail/office buildings and features multiple points of ingress/egress on Telegraph Road as well as through the driveway running behind the property. At roughly 80% occupancy by mostly auto-related businesses on MTM leases at below market gross rents, 13516 Telegraph Road is an ideal owner/user, value-add investment or redevelopment opportunity. 7.2% Pro Forma Cap Rate.
Property Facts In Escrow
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,675 SF
Building Class
C
Year Built
1960
Price
$2,625,000
Price Per SF
$302.59
Cap Rate
7.20%
NOI
$189,000
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
0.36
Lot Size
0.55 AC
Zoning
C-3 - General Commercial (C-3 Los Angeles County)
Parking
50 Spaces (5.76 Spaces per 1,000 SF Leased)
Frontage
200’ on Telegraph Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $589,501 | |
| Land Assessment | $817,245 | Total Assessment | $1,406,746 |
Property Taxes
Parcel Numbers
Land Assessment
$817,245
Improvements Assessment
$589,501
Total Assessment
$1,406,746
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Contact the Sale Advisor
13516 Telegraph Rd