12121 Lakewood Blvd

Downey, California

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Building

Stats

  • Property Type Retail - Vehicle Related
  • Building size (SF) 12,000
  • Price $3,950,000

Overview

Avison Young is pleased to present this exceptional opportunity to acquire a

multi-tenant automotive center located at 12121 Lakewood Boulevard in Downey, California. The building consists of three (3) separate units that three (3) tenants currently occupy on a month-to-month basis. Each unit is individually metered and has its own restrooms and yard space. Built in 1972, the building totals approximately 12,000 square feet and sits on a 0.85 acre (37,094 SF) lot. The property is equipped with six (6) auto bays, 39 surface parking spaces, and a large pylon sign. The property is located less than 0.5 miles north of 105 Freeway with close proximity to 710, 605 and 5 freeways. Along with being adjacent to both Promenade at Downey and Downey Landing (1.2M+ SF retail supercenter), the subject property sits next to Kaiser Permanente’s Downey Medical Center (823,000 SF). The medical center is a full-service medical and surgical hospital with 424-beds, which employs approximately 4,600+ daily employees. This is a rare opportunity for an owner/user or investor to acquire a well-located auto center in the premier city of Downey.

Highlights

Proforma Cap Rate: 7.72%

Exceptional Downey Location with Immediate Access to 105, 710, 605, and 5 Freeways

Excellent Visibility on Lakewood Blvd. with 231’ Frontage, Two Ingress/Egress, and a large pylon sign

High Traffic Counts of over 31,000 CPD
Thirty-Nine (39) Surface Parking Spaces

Six (6) Auto Bays

Secured Yard Area

Adjacent to two major retail centers and Kaiser Permanente Medical Center

Location Map

Team

Patrick Barnes

Patrick Barnes

Principal
Avison Young - US - CA - Los Angeles
01333182
213 618 3826
Paul Clark

Paul Clark

Vice President
Avison Young - US - CA - Los Angeles
01949697
213 618 3827

Downloads

12121 Lakewood Blvd, Downey, CA - OM.pdf

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