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Real Living Properties Unlimited
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909-944-6555
909-944-6555
dcburns101@
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Real Living Properties Unlimited
909-944-6555

20502 - 20540E Arrow Hwy, Covina CA, 91724

(Active)
$5,500,000
|
|
MLS# 322680
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Listing Provided Courtesy Of: Dengo Investment Inc.
Last Updated: 12/22/2014 12:47 AM
Description for 20502 - 20540E Arrow Hwy Covina, CA 91724
Sunrise Center is multi-tenant retail center locate on Main commercial/retail corridor of East San Gabriel Valley. It is located in signalized corner of East Arrow Highway and Bonnie Cove. Sunrise Center consists of approximately 41,949 square footage building leasable area, and situated on approximately 2.61 acres of land. Based on the asking price, Sunrise Center has it in-placed 5.68 CAP rate. Also, Sunrise Center provides a prospective investor the opportunity to own a multi-tenant retail center with price well below the replacement cost at only $134 per square foot. In addition, the center is now 66% occupancy with most of tenants are on the gross leases which providing an excellent opportunity for future investment to fill up the vacancy and convert it to NNN leases.
Price
$5,500,000
Los Angeles
322680
Active
Description
Sunrise Center is multi-tenant retail center locate on Main commercial/retail corridor of East San Gabriel Valley. It is located in signalized corner of East Arrow Highway and Bonnie Cove. Sunrise Center consists of approximately 41,949 square footage building leasable area, and situated on approximately 2.61 acres of land. Based on the asking price, Sunrise Center has it in-placed 5.68 CAP rate. Also, Sunrise Center provides a prospective investor the opportunity to own a multi-tenant retail center with price well below the replacement cost at only $134 per square foot. In addition, the center is now 66% occupancy with most of tenants are on the gross leases which providing an excellent opportunity for future investment to fill up the vacancy and convert it to NNN leases.
Listing Information
Property Type: General Commercial
2.6 Acres 1989 2
Neighborhood
Room Information
Exterior / Lot Features
None
Listing Price History

Covina Real Estate

Covina is located in California. Covina, California 91724 has a population of  47,855.

The median household income in Covina, California 91724 is $66,818. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Covina 91724 is 34.7 years.

Sales History
Tax Info
Courtesy: Dengo Investment Inc. Andy Deng
Based on information from California Regional Multiple Listing Service, Inc. as of today. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Information is deemed reliable but is not guaranteed.

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