About This Restaurant
Investment Highlights
Corner building in Prime Downtown Alhambra on Main Street, a major thoroughfare of the top-notch Asian hub of West San Gabriel Valley Stable and secure investment with strong historical occupancy Excellent visibility and high exposure on hard-corner signalized intersection A pioneer mixed-use project with restaurant and retail buildouts, dedicated parking, and an elegant landscape Synergistic mix of retail and service tenants Easy access to major freeways
Executive Summary
This investment opportunity is for the fee simple interest in Alhambra Regency Plaza, a 20,620 square-foot retail center in a mixed-use development set on a 2.11 acre lot with four stories of condo units above, nestled in the heart of the downtown Alhambra district. Built in 2004, the property has been held by the same ownership since its original development, which gives a testimony to its trophy location and longevity.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Storefront Retail/Office Storefront Retail/Office General Retail Restaurant General Retail Storefront Storefront Retail/Office
- Building Size 20,620
- Building Class C
- Year Built 2004
- Price 13,500,000
- Price Per SF 655
- Cap Rate 5.30
- NOI 714,970
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.22
- Land Acres 2.11 AC
Amenities
- Banking
- Bus Line
- Corner Lot
- Courtyard
- Restaurant
- Signalized Intersection
- Storage Space
- Air Conditioning
- Balcony
Nearby Amenities & Transportation
Retail | HSBC | ||
Retail | Denny's | ||
Retail | Chase Bank | ||
Retail | Citi | ||
Retail | Starbucks | ||
Retail | Bank of Montreal | ||
Retail | Flight | ||
Retail | The Habit Burger Grill | ||
Retail | Wingstop | ||
Retail | Applebee's |
Property Taxes
Parcel Number | 5344-011-045 5344-011-043 | Improvements Assessment | $3,538,373 |
Land Assessment | $3,535,694 | Total Assessment | $7,074,067 |
Date Created: | 2024-07-16 04:09:21 | Last Updated: | 2024-07-16 04:09:21 |
Address: | 500 560 & 590 W Main St , Alhambra, California, 91801 |