This storefront retail investment is situated in prime retail shopping district. This location compares to other high-end retail destinations in Southern California, such as Old Town Pasadena, 3rd Street Promenade, Westwood Village and other elite locations.

AS is typical for most high-end storefront investment product, all the aforementioned regularly command prices as investment sales in the $200 to $400 per sq. ft.

Items that make this Center a particularly attractive investment, besides the center's 196 feet of block to half-block frontage, are the developmental rights that will pass through to the new owner.

Positive remarks: 

• 100% Occupied
• Anchored by Famous Furniture Store
• Prime Retail Location
• Below Market Lease Rates
• In Place Developmental Rights.

Approximate Land Sq. Ft. 30,000
Approximate Building Sq. Ft. 27,945
Actual Net Income   $574,162
Present Cap Rate 8.83%

The following terms may be obtained:

1. Seller Carry 50% of Purchase Price
2. Cash to new Loan
3. All Cash

List Price $6,500,000.00 US

Thank you

REFERENCE # 413

MM(C2265) 20