7320-7340 Firestone Blvd | Downey, CA 90241
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7320-7340 Firestone Blvd
Downey, CA 90241
West Downey Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- UNLOCKING HIDDEN VALUE: Currently 74.40% occupied with all gross leases, West Downey Plaza presents a prime opportunity
- FLEXIBLE LEASE TERMS: Approximately 40% of tenants are on month-to-month leases, providing immediate flexibility to implement more favorable NNN
- STRONG DEMOGRAPHIC SUPPORT: Surrounded by a robust residential community of over 272,183 people within a 3-mile radius
- BELOW MARKET RENTAL RATES: On average, it is estimated that there are 22 leases at West Downey Plaza currently below prevailing rates
- STRATEGIC LOCATION ADVANTAGE: Strategically located on Firestone Blvd with high visibility and accessibility
- ADDITIONAL REVENUE OPPORTUNITIES: Investors can leverage the ±130,000 SF lot by re-developing or leasing available outparcels
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
48,440 SF
Building Class
B
Year Built
1986
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
0.36
Lot Size
3.12 AC
Zoning
C4 - Heavy Commercial
Parking
187 Spaces (3.86 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Air Conditioning
- Balcony
PROPERTY TAXES
| Parcel Number | 6231-002-006 | Improvements Assessment | $318,958 |
| Land Assessment | $1,414,705 | Total Assessment | $1,733,663 |
PROPERTY TAXES
Parcel Number
6231-002-006
Land Assessment
$1,414,705
Improvements Assessment
$318,958
Total Assessment
$1,733,663
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