Retail•Strip Center•For Sale
Pacific Arcade Plaza
6324-6338 Pacific Blvd, Huntington Park, California 90255
KW Commercial is pleased to present this excellent retail investment opportunity on "The Famous" Pacific Blvd. in Huntington Park, just three parcels north of the major signalized intersection of Pacific Blvd. & Gage Ave.
This two-story retail center consists of an approximately 32,808 SF of improvements on 22,793 SF HP-CBD zoned lot. The subject offering also has a corridor which connects Pacific Blvd. to the large city parking lot directly at its rear. The parking lot is free to all customers.
This offering if fully occupied and consists of approximately 27units. The average tenancy for all tenants is over 7 years!
The subject property will attract an investor who is looking for a fully occupied retail property offered at a 6.9% CAP Rate on existing occupancy in an infill location with great foot and car traffic counts.
Pacific Blvd. is a major commercial thoroughfare that offers excellent foot and car traffic counts! The property has excellent frontage with approximately 150 Feet along Pacific Blvd.
There is an excellent tenant mix in the immediate area including: 7-Eleven, Walgreens, 99 Cents Only, Bank of Hope, Chase Bank, CVS, Fallas Peredes, JC Penney, La Curacao, Superior Grocers, and WSS Shoes, to name a few. (Pg. 13)
Huntington Park is located in the Los Angeles MSA and is one of the most dense sub-markets. Huntington Park is located just 10 minutes (4 miles) from Downtown Los Angeles. Pacific Boulevard is the Main North/South thoroughfare in Huntington Park and the Surrounding Area and the 2nd strongest retail strip in Los Angeles County!
The area provides strong demographics; Over 50,000 people reside within a 1-mile radius and over 390,000 Million people residing within a 3 mile radius, thus providing excellent density!
- APPROXIMATELY 32,808 SF RETAIL CENTER; LOCATED ON "THE FAMOUS" PACIFIC BOULEVARD IN HUNTINGTON PARK.
- JUST THREE PARCELS NORTH OF THE MAJOR SIGNALIZED INTERSECTION OF PACIFIC BLVD. & GAGE AVE.
- LARGE FREE CITY PARKING LOT DIRECTLY BEHIND THE PROPERTY IN ADDITION TO AMPLE STREET PARKING.
- OFFERED AT A 6.9% CAP RATE ON EXISTING 100% OCCUPANCY!!!
- GREAT FRONTAGE; APPROX. 150 FT ALONG PACIFIC BLVD.; PACIFIC BLVD. IS A MAJOR COMMERCIAL THOROUGHFARE WITH EXCELLENT FOOT & CAR TRAFFIC COUNTS!
- STRONG TENANCY; WITH LONG TERM & SEASONED TENANTS.
- EXCELLENT DEMOGRAPHICS: OVER 50,000 PEOPLE RESIDE WITHIN A 1-MILE RADIUS & OVER 390,000 PEOPLE RESIDE WITHIN A 3-MILE RADIUS.
3/6/2020 9:40:53 PM
3/23/2020 11:01:45 PM