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OFFERING PRICE:
$38,000,000
NOI (YEAR 1):
$2,145,007
TOTAL BUILDING AREA:
±59,180 SF
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INVESTMENT HIGHLIGHTS
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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
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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
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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
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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
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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
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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
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Strong NOI Growth translates to a desirable 3.2% CAGR or compounded annual rental growth rate
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Dense and Affluent Rowland Heights Trade Area |
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1-Mile Radius – Over 23,500 people with AHI exceeding $80,600
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3-Mile Radius – Over 120,000 people with AHI exceeding $100,600
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5-Mile Radius – Over 350,600 people with AHI exceeding $108,800 |
CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM
FOR MORE
INFORMATION
PLEASE CONTACT:
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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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Ultimately, occupiers and landlords must make and implement their own reopening decisions for their individual stakeholders and facilities. CBRE's guidance is intended to help facilitate those discussions and expedite the implementation of those decisions once made by the client. We make no representations or warranties regarding the accuracy or completeness of these materials. CBRE cannot ensure safety and disclaims all liability arising from use of these materials.
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