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9057 Imperial Hwy
Downey, CA 90242
Imperial Shops · Retail Property For Sale
Investment Highlights
- Rare, Value Add Opportunity - Current in-place rents average just $1.24/SF modified gross, nearly 35% below current market rates
- Oversized Land Parcel - the entire offering consists of 1 .15 acres of land and has a tremendous amount of parking
- Ground Lessee Option to Purchase - Ground lessee has the option to purchase the site for fair market value at anytime throughout the term of the lease
- Short Term Leases - The majority of leases are set to expire within the next 18 months
- Flat Lease - The ground lease payment is exceptionally low, only $3,000 per year
Property Facts
Property Type
Retail
Property Subtype
Building Size
11,797 SF
Year Built
1962
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.15 AC
Zoning
DOC4-R3-P*
Property Taxes
| Parcel Number | 6256-008-027 | Improvements Assessment | $721,106 |
| Land Assessment | $2,403,698 | Total Assessment | $3,124,804 |
Property Taxes
Parcel Number
6256-008-027
Land Assessment
$2,403,698
Improvements Assessment
$721,106
Total Assessment
$3,124,804
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