Description
The subject property is located at main street (La Habra Boulevard) of the City of La Habra, near the only California CVS Pharmacy Distribution center, one of the area’s largest employers. The subject property is in close proximity to major Imperial Highway, Harbor Boulevard and 57 Freeway.
The subject property, built in 1954, consists of (6) six suites totaling about 8,672 sqft of building and sits at 27,166 sqft Lot size.
And it is part of a larger, 51,241 sqft retail strip center known as La Habra Plaza. Due to the current below market rents, the subject property provides an investor a tremendous value add opportunity that can be realized in a short period of time. In short, an astute investor can increase the properties cash flow and value by converting the existing tenants to NNN Lease.
Location
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Listing Agent: Soo Yeol Oh
Listing Office: New Star Realty & Investment