Description for
20502 - 20540E Arrow HwyCovina, 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
47,796.
The median household income in Covina, California 91724 is
$59,050.
The median household income for the surrounding county is $52,874
compared to the national median of $50,935.
The median age of people living in Covina 91724 is
35.8 years.
This information is gathered from public record data.
This information is gathered from public record data.
Sales History
Tax Info
Listing Provided Courtesy Of: Dengo Investment Inc. Andy Deng;
Information is deemed reliable but is not guaranteed.
