OFFERING PRICE:
$38,000,000

NOI (YEAR 1):
$2,145,007

TOTAL BUILDING AREA:
±59,180 SF
FEATURED LISTING:
YES PLAZA
1715-1747 Fullerton Road & 18156-18230 Colima Road
Rowland Heights, CA
INVESTMENT HIGHLIGHTS
 

 
Rare Opportunity to Acquire an Established, Popular Shopping Center along Colima Road – YES Plaza is an extremely popular, high traffic retail strip center located in the heart of Rowland Heights along busy Colima Road 
 
Internet Resistant / Food, Beverage and Service-Oriented Tenancy – Essentially all of the tenants at YES Plaza, including Banana Bay, LACA Beauty Shop, Rowland Optometry, House of Nail and Eyelash, and Pacific City Bank among others, are trade area appropriate, providing food, beverages, convenience, medical or other services that cannot be replaced online, generating strong “daily trip” traffic to the property
 
High Identity/ High Traffic Location – The property features excellent visibility and strong traffic counts with over 41,850 cars per day passing along Fullerton Road and over 39,680 cars per day along Colima Road, two major thoroughfares in this trade area 
 
Convenient Regional Accessibility – The property is easily accessible to the Pomona (SR-60) Freeway providing direct and convenient access to one of the San Gabriel Valley’s primary freeways with over 234,440 cars per day
 

 
Immediate Leasing Upside – At 89% current occupancy, 11% of the property (6,380 SF) is available for lease, providing an immediate opportunity to add value and increase NOI
 
Excellent NOI Growth – The combination of leasing up the currently available space, near-term tenant rollover, below market rents and fixed rental increases produce NOI growth at YES Plaza of more than $785,000 (37%) over a 10-year hold period, providing an excellent inflationary hedge 
 

 
» Strong NOI Growth translates to a desirable 3.2% CAGR or compounded annual rental growth rate
 
Dense and Affluent Rowland Heights Trade Area 
» 1-Mile Radius – Over 23,500 people with AHI exceeding $80,600
 
» 3-Mile Radius – Over 120,000 people with AHI exceeding $100,600
 
» 5-Mile Radius – Over 350,600 people with AHI exceeding $108,800


CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM

 
FOR MORE
INFORMATION
PLEASE CONTACT:
 
NRP-WEST
CATHERINE ZHONG
+1 949 809 4107
微信/手机 9097189087
Lic. 02029239
catherine.ashley@cbre.com
KIRK BRUMMER
+1 949 725 8418
Lic. 01218518
kirk.brummer@cbre.com

 

 
JAMES TYRRELL
+1 949 725 8473
Lic. 02012964 james.tyrrell@cbre.com
PHILIP D. VOORHEES
(Team Leader)
+1 949 725 8521
Lic. 01252096 phil.voorhees@cbre.com
  
 


THIS IS A MARKETING COMMUNICATION

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

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