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8428-8456 Alondra Blvd 16,262 SF 94% Leased Retail Building Paramount, CA 90723 $6,640,000 ($408.31/SF) 6.20% Cap Rate
Investment Highlights
- 16,262 SF Retail Strip Center
- 93.5% Occupied
- NNN Tenants
- Highly Visible Corner Location
- Ample Parking
- Amenities Include Drive-Thru, Building Signage & Pylon Signage
Executive Summary
Situated in Paramount, 8428-8456 E Alondra Blvd is a one-story +/-16,262 square foot retail strip center. The retail strip center includes three freestanding buildings with ample parking. The property is currently 93.5% occupied. Tenants benefit from a parking ratio of 3.5/1,000 SF and enjoy building signage & pylon signage on a highly visible location. The location offers excellent access to the Long Beach (710) Freeway and is within close distance of multiple bus lines and the Metro Line provide convenient public transportation options. The local amenities, including an array of restaurants, coffee shops, and retail shops, make this a well-rounded destination for tenants seeking a vibrant, accessible commercial location. The area has a 88 walk score.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,262 SF
Building Class
C
Year Built
1987
Price
$6,640,000
Price Per SF
$408.31
Cap Rate
6.20%
NOI
$411,787
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.38
Lot Size
0.98 AC
Zoning
PD-PS
Parking
57 Spaces (3.51 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Broker of Record David Harrington License # 01320460, 02168060 (CA) Matthews Real Estate Investment Services, Inc 1600 West End Ave., Ste. 1500, Nashville, TN 37203 (866) 889-0550
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,580 SF | Office/Medical | - | Now |
1st Floor
| Size |
| 1,580 SF |
| Space Use |
| Office/Medical |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,580 SF |
| Space Use | Office/Medical |
| Position | - |
| Available | Now |
Broker of Record David Harrington License # 01320460, 02168060 (CA) Matthews Real Estate Investment Services, Inc 1600 West End Ave., Ste. 1500, Nashville, TN 37203 (866) 889-0550
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7103-001-035 | Improvements Assessment | $1,862,386 |
| Land Assessment | $636,184 | Total Assessment | $2,498,570 |
Property Taxes
Parcel Number
7103-001-035
Land Assessment
$636,184
Improvements Assessment
$1,862,386
Total Assessment
$2,498,570
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