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University Promenade 390 N Citrus Ave 61,106 SF 53% Leased Retail Building Azusa, CA 91702 For Sale
Investment Highlights
- Quintessential Retail Strip Center – University Promenade is a ±61,106 SF strip center anchored by Planet Fitness (opening Fall 2026)
- Strong Leasing Momentum – 7 new leases totaling ±26,145 SF were signed in the past 12 months, alongside renewals by APU Counseling Center and Goodyear
- High-Traffic, Prime Accessibility – Strategically positioned along E Alosta Ave (±26,000 CPD) and N Citrus Avenue (±20,500 CPD)
- Immediate Value-Add Through Lease-Up – At 78% current occupancy, 6 suites totaling 13,524 SF are currently available for lease
- Regional Retail Location – Located directly across from Azusa Pacific University (APU) and adjacent to Stater Bros. and Sprouts-anchored centers
Executive Summary
* Quintessential Retail Strip Center – University Promenade is a ±61,106 SF strip center anchored by Planet Fitness (opening Fall 2026), featuring a synergistic mix of medical, restaurant, and service-retail tenants that generate consistent daily traffic and establish the center as a true neighborhood necessity for the surrounding trade area
* Immediate Value-Add Through Lease-Up – At 78% current occupancy, 6 suites totaling 13,524 SF are currently available for lease, providing an immediate opportunity to add value and increase NOI upon acquisition
* Strong Leasing Momentum – 7 new leases totaling ±26,145 SF were signed in the past 12 months, alongside renewals by APU Counseling Center and Goodyear Tires, reflecting strong tenant demand and conviction in the long-term viability of the location
* Regional Retail Location – Located directly across from Azusa Pacific University (APU) and adjacent to a brand-new double drive-through Chick-fil-A, as well as Stater Bros. and Sprouts-anchored centers, with surrounding tenants including In-N-Out Burger, Raising Cane’s and more
* High-Traffic, Prime Accessibility – Strategically positioned along E Alosta Ave (±26,000 CPD) and N Citrus Avenue (±20,500 CPD), just half a mile from I-210 (±253,500 CPD), ensuring exceptional visibility and accessibility along the San Gabriel Valley’s primary corridors
* Immediate Value-Add Through Lease-Up – At 78% current occupancy, 6 suites totaling 13,524 SF are currently available for lease, providing an immediate opportunity to add value and increase NOI upon acquisition
* Strong Leasing Momentum – 7 new leases totaling ±26,145 SF were signed in the past 12 months, alongside renewals by APU Counseling Center and Goodyear Tires, reflecting strong tenant demand and conviction in the long-term viability of the location
* Regional Retail Location – Located directly across from Azusa Pacific University (APU) and adjacent to a brand-new double drive-through Chick-fil-A, as well as Stater Bros. and Sprouts-anchored centers, with surrounding tenants including In-N-Out Burger, Raising Cane’s and more
* High-Traffic, Prime Accessibility – Strategically positioned along E Alosta Ave (±26,000 CPD) and N Citrus Avenue (±20,500 CPD), just half a mile from I-210 (±253,500 CPD), ensuring exceptional visibility and accessibility along the San Gabriel Valley’s primary corridors
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
61,106 SF
Building Class
C
Year Built
1984
NOI
$1,117,562
Percent Leased
53%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
4.46 AC
Zoning
AZC3* - General Commercial
Parking
250 Spaces (3.42 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Ari's Thai Eatery
- -
- -
- -
- -
-
Jan 0000
-
- Health Care and Social Assistance
- -
- -
-
Lorem Ipsum
-
Jan 0000
Casa Colina is a non-profit, freestanding, community-governed organization based in Pomona, California. With incredible support from our community, we have been privileged to bring the benefits of rehabilitation to tens of thousands of people since our first patient in 1938. In the decades that followed, they continued to expand their care to include a state-of-the-art hospital that offers acute rehabilitation and medical-surgical care, as well as a broad range of outpatient services that includes specialized physician clinics, physical therapy, occupational therapy, speech therapy, neuropsychology, diagnostic imaging, children's services, and even an outdoor recreation program for people with disabilities.
- Shang Nail
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- -
- -
- -
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Ari's Thai Eatery | - | - | - | - | Jan 0000 | |
|
|
Health Care and Social Assistance | - | - | Lorem Ipsum | Jan 0000 | |
| Shang Nail | - | - | - | - | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 360
- 14,945 SF
- Retail
- End Cap
- Now
- 914
- 1,176 SF
- Retail
- -
- Now
- 924
- 1,688 SF
- Retail
- End Cap
- Now
- 926
- 1,463 SF
- Retail
- In-Line
- Now
Former restaurant
- 940-950
- 6,396 SF
- Retail
- -
- Now
Not for food use.
| Space | Size | Space Use | Position | Available |
| 360 | 14,945 SF | Retail | End Cap | Now |
| 914 | 1,176 SF | Retail | - | Now |
| 924 | 1,688 SF | Retail | End Cap | Now |
| 926 | 1,463 SF | Retail | In-Line | Now |
| 928 | 1,720 SF | Restaurant | In-Line | Now |
| 940-950 | 6,396 SF | Retail | - | Now |
| 952B | 1,110 SF | Office/Retail | - | Now |
360
| Size |
| 14,945 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
914
| Size |
| 1,176 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
924
| Size |
| 1,688 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
926
| Size |
| 1,463 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
928
| Size |
| 1,720 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
940-950
| Size |
| 6,396 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
952B
| Size |
| 1,110 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
928
| Size | 1,720 SF |
| Space Use | Restaurant |
| Position | In-Line |
| Available | Now |
Former restaurant
952B
| Size | 1,110 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Not for food use.
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8628-004-166 | Improvements Assessment | $6,051,688 |
| Land Assessment | $14,669,073 | Total Assessment | $20,720,761 |
Property Taxes
Parcel Number
8628-004-166
Land Assessment
$14,669,073
Improvements Assessment
$6,051,688
Total Assessment
$20,720,761
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