18714 S Gridley Rd 22,112 SF Retail Building Cerritos, CA 90703 $8,790,000 ($397.52/SF)

Significant Price Improvement-NOW OFFERED AT $8,790,000
**** Building Available Now *** No Tenant- email for showing instructions.
Rare Opportunity in a Prime Retail Location
This is a unique opportunity to acquire a 22,112 SF standalone retail building located directly in front of the highly visited Cerritos Mall. Properties like this are extremely limited, with no comparable options currently available and only one other property for sale in the area. Positioned within a premier retail corridor, the site enjoys a five mile population of nearly 592,000 residents and more than 65,000 vehicles passing daily within a quarter mile. The 605 Freeway off ramp is just 0.22 miles away, providing excellent access to surrounding cities and a steady flow of customers.
User Owners: Make It Your Own
This property offers an excellent opportunity for user owners to take full control and customize the space to meet their operational needs immediately after closing. By owning rather than leasing, you can eliminate an estimated annual rent expense of approximately $680,000 while gaining the long term benefits of appreciation, equity growth, and tax advantages through depreciation. Secure your business location in one of Cerritos’ strongest retail markets while investing in your own future.
Investor Owners: Exceptional Income Potential
Located in one of the region’s most desirable retail corridors, this property gives investors the chance to attract top national or regional tenants, including franchise retailers and restaurants, drawn by its prime location across from Cerritos Mall. With rental rates in the $30 to $38 per square foot range and cap rate potential above 6 percent, this building represents a rare opportunity to acquire a high performing asset in a thriving market. Don’t miss the chance to add a premium retail investment to your portfolio.