9016 Mission Drive, Rosemead, CA 91770 | MLS AR16703757 | Listing Information | Real Living Pacific Realty | Real Living Real Estate
Real Living Pacific Realty
800-660-9140

9016 Mission Drive,  Rosemead CA, 91770

Status: Sold
MLS#: AR16703757
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Real Living Pacific Realty
800-660-9140

Listing Provided Courtesy Of: Coldwell Banker New Century
Last Updated: 12/4/2016 9:08 PM
Description for 9016 Mission Drive Rosemead, CA 91770
The Retail Center offers investor a stabilized and easy to manage investment with excellent current and historical occupancy, consisting of approximately 5,200 square feet of GLA on a combine two parcel of approximately 21,000 square feet of land. Strategically located at the signalized intersection of Rosemead Blvd. and Mission Drive (which has estimated traffic counts of 40,000 cars per day), the center benefits from multi points of ingress and egress and offers tenants and customer ample parking. This offering provides investors with an in-place cap rate of over 5.32% with upside potential through renewing leases at today's market rent which are markedly higher than 3-4 year ago. The retail center has two long term tenant who are on NNN leases, providing investors a stabilized current income stream with very little management. This Retail Center is adjacent to In-N-Out Burger. The Retail Center will be delivered free and clear of debt, allowing an investor the ability to obtain new financing at historically low interest rates. Listing Price is for combine two parcel located on 4226 Rosemead Blvd. & 9016 Mission Drive. APN. 5391016005 & 5391016002
Price
Sold Price:
$2,720,000
Sold Date:10/11/2016
Los Angeles
AR16703757
Closed
Description
The Retail Center offers investor a stabilized and easy to manage investment with excellent current and historical occupancy, consisting of approximately 5,200 square feet of GLA on a combine two parcel of approximately 21,000 square feet of land. Strategically located at the signalized intersection of Rosemead Blvd. and Mission Drive (which has estimated traffic counts of 40,000 cars per day), the center benefits from multi points of ingress and egress and offers tenants and customer ample parking. This offering provides investors with an in-place cap rate of over 5.32% with upside potential through renewing leases at today's market rent which are markedly higher than 3-4 year ago. The retail center has two long term tenant who are on NNN leases, providing investors a stabilized current income stream with very little management. This Retail Center is adjacent to In-N-Out Burger. The Retail Center will be delivered free and clear of debt, allowing an investor the ability to obtain new financing at historically low interest rates. Listing Price is for combine two parcel located on 4226 Rosemead Blvd. & 9016 Mission Drive. APN. 5391016005 & 5391016002
Listing Information
Property Type: General Commercial, Other
1990
Neighborhood
Room Information
Interior Features
None
Exterior / Lot Features
None
R2
Driving Directions
North of Valley Blvd. on the corner of Rosemead Blvd. & Mission Drive
Financial Considerations
5391016002
Listing Price History

Rosemead Real Estate

Rosemead is located in California. Rosemead, California 91770 has a population of 53,890.

The median household income in Rosemead, California 91770 is $46,781. 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 Rosemead 91770 is 38.8 years.

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Courtesy: Coldwell Banker New Century Thomas Theung
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