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16388 Colima Rd
Hacienda Heights, CA 91745
High CAP Rate and Return in Superb Location · Retail Property For Sale

Investment Highlights

  • Built in 2004; First time for sale by the original developer! Almost fully occupied!
  • Minutes away to 60 FWY and Rowland Heights
  • Large lot size with ample parking (68 spaces)
  • High-quality newer construction building with New Roof and New HVAC systems (6 new HVAC units)
  • High CAP Rate of over 5% with over 7% Proforma CAP; Low Down Payment with high Cash on Cash Return!
  • Superb demographics; Great mix of retail and office buildings

Property Facts

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,380 SF
Building Class
B
Year Built
2004
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.42
Lot Size
1.05 AC
Zoning
LCRA
Parking
68 Spaces (3.51 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signalized Intersection

About 16388 COLIMA RD , HACIENDA HEIGHTS, CA 91745

Growth Investment Group is proud to present a RARE commercial property located in a PRIME location in the city of Hacienda Heights. First time on market since it was built by its original developer. This hard corner property makes it extremely attractive for business owners and investors because of the exposure from ±26,101 cars passing by per day and traffic signals on both streets (Colima Rd and Punta Del Este Dr). The property is of a high-quality, newer construction built in 2004. It is a two-story office/retail building with a combined gross building size of ±19,380 square foot (including covered walkway, buyer to verify) situated on a large ±45,944 square foot lot. It is occupied by many stable and long-time tenants. The property offers ample parking with 68-spaces on-site and many off-site street parking available. The property boasts an extremely desirable location only minutes away from the booming Puente Hills Mall and its neighboring plaza. These shopping centers feature many popular amenities such as the Puente Hills AMC, 168 Market, 85c Bakery Café, 99 Ranch Market, Target, Ross, Round 1, and a myriad of high-traffic restaurants. The property has convenient access to the 60 Fwy, various parks, libraries, and schools. Benefitting from the newly transformed and rebirth of its neighboring city, Rowland Height, Plaza Del Este is situated in one of the most vibrant, unique, diverse commercial corridors in the area surrounded by shopping centers, dining, learning, and living. With its appealing and well-maintained building exterior along with classic stone pavement for both parking lots (front and back) which provides ample parking spaces for its tenants and patrons, this prime property will be an excellent investment opportunity for both owner user or investor.

Property Taxes

Property Taxes

Parcel Number
8241-025-034
Land Assessment
$1,674,732
Improvements Assessment
$2,813,553
Total Assessment
$4,488,285
  • Listing ID: 15920785

  • Date on Market: 5/1/2019

  • Last Updated:

  • Address: 16388 Colima Rd, Hacienda Heights, CA 91745

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