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    18714 Gridley Road

    Cerritos, CA 90703
    • $9,999,999
    • STATUS: Active
    • ON SITE: 311 days
    • ID#: PW20013890
    UPDATED: 33 min ago
    $9,999,999
    • 0
      BEDS
    • 1.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,112
      SQFT
    • $452
      $/SQFT

    School Ratings & Info

    Description

    Great opportunity for an investor to acquire a free standing 22,112 square foot building in Cerritos, California, choice location in one of Southern California's busiest retail corridors. Building has been 100% occupied since completion. High traffic area with low historic vacancy rate. Presenttenant is a fortune top 20, and the second present tenant is a publicly traded company with over 400 locations nationally. Tenant # one just entered into the third of five 5-year options, tenant #2 just started the first 5-year lease with two 5-year renewal options. Both Leases corporatelyguaranteed. Enjoy Solid Income with large national corporate guarantees.The building is located directly across from Macy's and the Cerritos mall, and located between a Wells Fargo and Target Super Center. The 91 and 605 Freeways are both less than a mile away. The Cerritos mall has just undergone an extensive remodel and additional square footageadded to the mall to fulfill local demand. Retail vacancy rate currently in Cerritos is 2% according to the latest data Q1 2019. Cerritos annual tax revenue from 2009-2017 increased 49.6% showing a strong long term draw to the area for retail with strong annual growth.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-27T23:26:52.05. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

    www.hartcoastal.com/homes/102447830
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    18714 Gridley Road Cerritos, CA 90703

    • Price: $9,999,999
    • Status: Active
    • Updated: 33 min ago
    • ID#: PW20013890
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.14
    Acres
    22,112
    SQFT
    $452
    $/SQFT
    1996
    Built
    Neighborhood:
    RD - Cerritos South of 91 Frwy, W of Norwalk
    County:
    Los Angeles
    Area:
    RD - Cerritos South of 91 Frwy, W of Norwalk
    Property Description
    Great opportunity for an investor to acquire a free standing 22,112 square foot building in Cerritos, California, choice location in one of Southern California's busiest retail corridors. Building has been 100% occupied since completion. High traffic area with low historic vacancy rate. Presenttenant is a fortune top 20, and the second present tenant is a publicly traded company with over 400 locations nationally. Tenant # one just entered into the third of five 5-year options, tenant #2 just started the first 5-year lease with two 5-year renewal options. Both Leases corporatelyguaranteed. Enjoy Solid Income with large national corporate guarantees.The building is located directly across from Macy's and the Cerritos mall, and located between a Wells Fargo and Target Super Center. The 91 and 605 Freeways are both less than a mile away. The Cerritos mall has just undergone an extensive remodel and additional square footageadded to the mall to fulfill local demand. Retail vacancy rate currently in Cerritos is 2% according to the latest data Q1 2019. Cerritos annual tax revenue from 2009-2017 increased 49.6% showing a strong long term draw to the area for retail with strong annual growth.
    Exterior Features

    Construction Materials Stucco Lot Features 0-1 Unit/AcreLot Over 40000 SqftRectangular LotLevelNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Topography Flat

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Current Financing Conventional Land Use Retail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Retail Special Listing Conditions Standard Water Source Public Zoning Commercial

    Listing provided courtesy of Ramon Rodriguez of United Assoc. Brokers Top Rlty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-27T23:26:52.05. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

     
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