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7300-7306 Firestone Blvd
Downey, CA 90241

$12,500,000 USD

General Retail For Sale  •  5,600 SF

Property Details

  • Property Type General Retail
  • Total Building Size 48,440 SF
  • Lot Size 0.32 AC
  • Building Class C
  • Year Built 1986
  • Cap Rate 4.18 %
  • Tenancy Multiple
  • Zoning C4
30 Transit Score
50 Walk Score

Highlights

Currently 62% occupied with all gross leases, West Downey Plaza presents a prime opportunity to enhance operational efficiency
On average, it is estimated that there are 22 leases at West Downey Plaza currently below-prevailing rates
Approximately 63% of tenants are on month-to-month leases, providing immediate flexibility to implement more favorable triple net leases
Strategically located on Firestone Blvd with high visibility and accessibility, West Downey Plaza benefits from over 40,600 vehicles daily
Surrounded by a robust residential community of over 248,000 people within a 3-mile radius
Investors can leverage the ±135,000 SF lot by re-developing or leasing available outparcels
Cap Rate: 4.18 %

Major Tenants

Tenant SF Occupied Lease End Date
Neuman Group
Standard Homes & Investment Inc
True Choice Funding Corp

Amenities

  • Bus Line

Public Transportation

Commuter RailDriveWalkDistance
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 9 min - 4.0 mi
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 5.5 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 21 min - 13.7 mi
Los Angeles International 26 min - 17.5 mi
Bob Hope 36 min - 26.8 mi
Erik Vogelzang 562-279-4886 Matthews Real Estate Investment Services
Erik Vogelzang 562-279-4886 Matthews Real Estate Investment Services