Broadway & Florence Shopping Center 7201 Broadway Local commercial 580 m² 100 % Loué À vendre Los Angeles, CA 90003 1 972 066 € (3 399,06 €/m²) Taux de capitalisation 6 %

A rare L-Shaped strip center with a great mix of daily needs internet resistant tenants.
This strip center is strategically positioned on a signalized hard corner at one of the city's busiest intersections - the
south west corner of Broadway and Florence Ave. With traffic counts exceeding 66,000 cars per day at this intersection, the
center and its tenants benefit from exceptional visibility and easy access.
In addition to the massive traffic counts, the center is situated in a highly dense infill area with a population of over 69,000
within a 1 mile radius of the property, and over 1MM within a 5 mile radius. This is a highly visible, well located center which
caters to the local community.
The center totals 6,245 square foot, features 6-units, and a diverse mix of tenants which include food tenants, beauty services
and a mini market. All tenant have NNN leases with annual increases. Other area tenants include Jack In-The-Box, Winchell's Donut, Burger King, McDonald's & Pizza Hut.
Value add component: The desirable end-cap unit, which is occupied/used by the Seller, will be delivered vacant at the close of escrow. This provides a great opportunity to lease up the space, increase the current income, and achieve an attractive 7.56% CAP rate.
This presents a rare opportunity to acquire a well-located, low-priced L-shaped center in a densely populated area.