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700-738 W Compton Blvd
Compton, CA 90220
SELLER MAY FINANCE | FLEX IN PRICE · Retail Property For Sale
Investment Highlights
- SELLER MAY FINANCE
- SIGNALIZED CORNER
- QUINTESSENTIAL VALUE ADD DEAL
- MASSIVE PARCEL
- 38% VACANT. IMMEDIATE ACTIONABLE UPSIDE.
Executive Summary
16 storefronts/almost 25K rentable square feet on a massive 80K sq. foot lot! Due to long-term, lax, one-family ownership and management, there is immediate meat on the bone for a savvy Buyer. Approximately 1/2 of the 22K sq. ft. is currently vacant - 7 of the 16 store can command a market rent immediately. And the existing tenants are on shorter-terms leases or MTM, meaning the entire center could be 'at market' sooner rather than later. This signalized SEC corner of Wilmington and Compton location is ripe for reimaging - the NEC is home to a newer build-to-suit, credit tenant (AutoZone), for example. Just behind this center is an attractive planned urban development of 300+ homes. And the Compton Airport is only 3 blocks away. 60K cars/day at this corner. $83K average household income. $538K median home value. Projected rents of $2.38/foot NNN modeled for the empty spaces.
PRICED TO SELL AT $204/FOOT AND
SELLER MAY FINANCE. RATE AND TERMS NEGOTIABLE.
PRICED TO SELL AT $204/FOOT AND
SELLER MAY FINANCE. RATE AND TERMS NEGOTIABLE.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
24,503 SF
Building Class
C
Year Built
1962
Price
$4,999,999
Price Per SF
$204.06
Percent Leased
48%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.74 AC
Opportunity Zone
Yes
Zoning
COCL*
Parking
72 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 6161-012-012 | Improvements Assessment | $850,304 |
| Land Assessment | $127,765 | Total Assessment | $978,069 |
Property Taxes
Parcel Number
6161-012-012
Land Assessment
$127,765
Improvements Assessment
$850,304
Total Assessment
$978,069
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