Pomona Shopping Center 1625-1635 W Holt Ave

1625-1635 W Holt Ave , Pomona, California, 91768 | 8,700 sq.f | $ 2,200,000

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About This Restaurant

Investment Highlights

Excellent Visibility High Traffic Counts Highly Desirable SGV Demographics Large Pylon Sign Prime Location

Executive Summary

CBRE, Inc. is proud to exclusively present 1625 W Holt Avenue located in Pomona, California. The Retail Strip On Holt is situated on a major thoroughfare with high traffic counts of over 24,000 vehicles per day. This unique retail center offers investors the opportunity to acquire a well-performing ?8,700 SF retail strip center on a ?0.52 acres of land, featuring a diverse mix of six retail tenants. The Property is anchored by the 98 Discount Store with supporting retailers including a restaurant, water store, beauty salon, massage parlor, and money remittance store. This tenant mix creates a dynamic retail environment catering to the local community. With high visibility and consistent traffic driven by the adjacent major local grocer, Cardenas, the Property offers investors the ability to capture a cash flow generating asset in the eastern San Gabriel Valley.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Storefront Storefront General Retail Restaurant Storefront
  • Building Size    8,700
  • Building Class    C
  • Year Built    1957
  • Price    2,200,000
  • Price Per SF    253
  • Cap Rate    6.43
  • NOI    141,538
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.38
  • Land Acres    0.52 AC

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection

Property Taxes

Parcel Number 8357-018-025 Improvements Assessment $630,610
Land Assessment $628,941 Total Assessment $1,259,551
Date Created: 2024-07-16 04:09:23 Last Updated: 2024-07-16 04:09:23
Address: 1625-1635 W Holt Ave , Pomona, California, 91768