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- LoopNet Team
6351-6353 Pacific Blvd
Huntington Park, CA 90255
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Signalized Intersection
ABOUT 6351-6353 PACIFIC BLVD , HUNTINGTON PARK, CA 90255
INVESTMENT HIGHLIGHTS * Corporate NNN Lease – Shoe Palace is on a long-term NNN lease expiring in 2022, reducing major near-term leasing responsibility and associated capital costs. Shoe Palace is a privately held company headquartered in Morgan Hill, CA and currently operates 160 locations across 8 states * Strong Inflation Hedge – Shoe Palace features 4% annual increases which produces high NOI growth, enhancing future cash on cash returns and providing a strong hedge against inflation in a tangible, dependable asset * A+ Location – Pacific Boulevard Commercial District is one of the top three highest grossing commercial districts in Los Angeles County * Thriving Pacific Blvd Corridor – Pacific Blvd is the main thoroughfare situated within the heart of downtown Huntington Park. Pacific Blvd has strong foot traffic through all parts of the day, and has a substantial daily population of over 1.1M people within a 5-mile radius * Recently Renovated, High-Quality Asset – Current owner has invested significant capital in building out the space for the current tenant, and improving the façade of the building, creating an opportunity for a new investor to acquire of high image asset along the busy Pacific Blvd corridor
PROPERTY TAXES
| Parcel Number | 6320-031-020 | Improvements Assessment | $1,500,000 |
| Land Assessment | $1,300,000 | Total Assessment | $2,800,000 |
PROPERTY TAXES
