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16388 Colima Rd
Hacienda Heights, CA 91745 Hacienda La Puente

$6,988,000

Storefront Retail Office For Sale  •  19,380 Sq Ft

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 19,380 Sq Ft
  • Lot Size 1.05 ac
  • Building Class B
  • Year Built 2004
  • Cap Rate 5.09 %
  • Tenancy Multiple
  • Zoning LCRA
30 Transit Score
30 Walk Score

Description

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.

Highlights

Built in 2004; First time for sale by the original developer! Almost fully occupied!
High-quality newer construction building with New Roof and New HVAC systems (6 new HVAC units)
Minutes away to 60 FWY and Rowland Heights
High CAP Rate of over 5% with over 7% Proforma CAP; Low Down Payment with high Cash on Cash Return!
Large lot size with ample parking (68 spaces)
Superb demographics; Great mix of retail and office buildings

Property Flyers

Financial Summary

Cap Rate: 5.09 %

Amenities

  • Bus Line
  • Signalized Intersection

Public Transportation

Commuter RailDriveWalkDistance
Industry Commuter Rail (Riverside Line) 12 min - 7.6 mi
AirportDriveWalkDistance
Long Beach-Daugherty Field Airport 37 min - 22.5 mi
Ontario International Airport 33 min - 24.2 mi
John Wayne Airport 41 min - 30.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 68
Type: Surface
Included in Rent: Yes
Han Widjaja-Chen 626-594-4900 Growth Investment Group, Inc.
Han Widjaja-Chen 626-594-4900 Growth Investment Group, Inc.