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Storefront For Sale • 21,882 SF
| TREMENDOUS UPSIDE POTENTIAL | Below Market Rents Averaging $16.72/ft | Westlake plaza has two attractive vacancies totaling 10.3% of the GLA | |
| MOST DESIRABLE SIZE OF RETAIL SPACES | Majority around 1,000 SF which caters to the largest tenant pool enabling ease of leasing and less TIs |
| NNN LEASES AND ANNUAL CPI INC | 100% of tenants currently are on NNN leases and must reimburse the landlord for their pro-rata share of all expenses. |
| PRIME LOCATION ON PARAMOUNT BLVD | MAJOR THOROUGHFARE THROUGH LAKEWOOD | 5 Access Points and a combined traffic count of over 36K | |
| STRONG INCOME GROWTH WITH NEARLY 100% OF LEASES HAVING ANNUAL CPI INCREASES | Provides a hedge against inflation | |
| FREESTANDING OUTPAD | 1,245 SF out pad currently paying $20/sf that could easily attract up to $36/sf | Lease expires with no options 2/1/24 | |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Long Beach (Daugherty Field) | 7 min | - | 3.4 mi |
| Los Angeles International | 30 min | - | 19.9 mi |
| John Wayne/Orange County | 33 min | - | 24.2 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 81 |
| Type: | Surface |
| Included in Rent: | Yes |