Exclusive Listings

Multi-tenant Retail/Office built in 2004 in prime Hacienda Heights, Proforma CAP 7.08%

Address:
16388 Colima Rd.
Hacienda Heights, CA 91745
Price:
$6,988,000
Status:
Available
Type:
Mixed-Use
# Units:
Year Built:
2004
Building Size:
±19,380 SF
Lot Size:
±45,944 SF
CAP Rate:
4.83%
GRM:
14.43x
Price/Unit:
n/a
Price/SqFt:
$361

INVESTMENT HIGHLIGHTS

  • Great mix of retail and office buildings
  • First time for sale by the original developer!
  • High Cash-on-cash return with minimum down payment; High upside rent potential 
  • Excellent location a major street (Colima Road) with an excellent visibility (±26,101 cars per day)
  • Superb demographics (±$121,000 AHH within a-mile radius)
  • Proximity to restaurants, supermarkets, shopping, entertainment, fitness centers etc. (85C Bakery, Costco, Walmart, Target, Vons, 99 Ranch Market, CVS, Puente Hills Mall, SpeedZone)
  • Corner property (both streets have traffic signals)
  • A diverse mix of tenant types (Internet recession proof) with many stable long-time tenants
  • An abundant number of on-site and off-site parking spaces
  • Ease of management with onsite leasing office available

PROPERTY HIGHLIGHTS

  • Minutes away to 60 FWY and Rowland Heights 
  • High-quality newer construction building with New Roof and New HVAC systems (6 new HVAC units)
  • Flexible unit configuration making a wide appeal to different type of tenants including medical office use
  • Located on a busy commercial Colima road which is the gateway to various businesses, shopping, dining, and entertainment attractions
  • Has the potential to capitalize on the strong demand for executive suite offices
  • The building has great curb appeal with a sizable area for placement of a building monument sign
  • Large lot size with ample parking (68 spaces)


Executive Summary

Growth Investment Group is proud to present a RARE commercial property located in a PRIME location in the city of Hacienda Heights.  First time on market since it was built by its original developer.  This hard corner property makes it extremely attractive for business owners and investors because of the exposure from ±26,101 cars passing by per day and traffic signals on both streets (Colima Rd and Punta Del Este Dr).  The property is of a high-quality, newer construction built in 2004. It is a two-story office/retail building with a combined gross building size of ±19,380 square foot (including covered walkway, buyer to verify) situated on a large ±45,944 square foot lot. It is occupied by many stable and long-time tenants. The property offers ample parking with 68-spaces on-site and many off-site street parking available.

The property boasts an extremely desirable location only minutes away from the booming Puente Hills Mall and its neighboring plaza. These shopping centers feature many popular amenities such as the Puente Hills AMC, 168 Market, 85c Bakery Café, 99 Ranch Market, Target, Ross, Round 1, and a myriad of high-traffic restaurants. The property has convenient access to the 60 Fwy, various parks, libraries, and schools.

Benefitting from the newly transformed and rebirth of its neighboring city, Rowland Height, Plaza Del Este is situated in one of the most vibrant, unique, diverse commercial corridors in the area surrounded by shopping centers, dining, learning, and living. With its appealing and well-maintained building exterior along with classic stone pavement for both parking lots (front and back) which provides ample parking spaces for its tenants and patrons, this prime property will be an excellent investment opportunity for both owner user or investor.  

LOCATION AMENITIES & ACCESS

Hacienda Heights is an unincorporated California community located in Los Angeles County, about 20 miles east of Los Angeles. Principal highways servicing the community include California State Highway 60 and Interstates I-10 and I-605. Surrounding communities include La Puente (to the north), Rowland Heights (to the east), La Habra Heights (to the south) and Whittier (to the west).

Hacienda Heights boasts six local parks: Stimson, Pepperbrook, Los Robles County, Manzanita, Thomas S Burton and Country Wood parks. One of the community's premier annual events is its "I Love America" parade. Started in 1988, this Independence Day celebration features a multicultural parade with performances by dragon dancers and the Falun Dafa waist-drum band. Also, part of the festivities is a battle of the bands between local high schools. A noted community landmark is the Hsi Lai Temple, one of the largest Buddhist temples in the Western Hemisphere. Constructed in 1988, the temple encompasses 15 acres and a floor area of 102,432 square feet. Its architecture reflects the traditional style of buildings, gardens, and statuary of traditional ancient Chinese monasteries.


Due Diligence


Broker Contact

Han Widjaja-Chen
Direct: 626.594.4900
han.chen@growthinvestmentgroup.com

Donald La
Direct: 626.824.8853
donald.la@growthinvestmentgroup.com

Thank you for your time and interest. The information you are attempting to access requires a one-time registration before you can proceed. Your email address will allow you to log in any time.
Please log in or begin registration by providing your email address.


Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
Fax: 626.316.7552
Email: properties@GrowthInvestmentGroup.com
Copyright © 2018 GIG Real Estate, Inc. dba. Growth Investment Group - Corp. ID 02021933
Visit us on social media websites