Investment Offering 8147 Arroyo Drive - images2.loopnet.com · Property Management & Real Estate...

Investment Offering

8147 Arroyo Drive

8 Unit Commercial Shopping Center in Rosemead, CA

Property Management & Real Estate Brokerage

CONTENTS Investment Analysis……………………….. 1 Comparables………………………………..13 Market Overview…………………………...23

8147 Arroyo Drive



8147 Arroyo Drive


http://www.8147arroyodrive.com

http://www.8147arroyodrive.com

INVESTMENT ANALYSIS

8147 Arroyo Drive



PROPERTY SUMMARY

8147 Arroyo Drive



Description Lotus Property Services, Inc. is pleased to present the Arroyo Center 10,800 square foot retail center in the heart of San Gabriel Valley located in the beauti-ful City of Rosemead, California. This is a rare opportunity to acquire property at one of the busiest intersections in the city, with over 20,000+ cars per day at the adjacent intersections. This property is located just north of 60 freeway and south of the 10 freeway and makes for the perfect investment opportunity. Several strip center tenants are long term tenants while a couple of others are on a month to month basis with upside potential in rent. The recent lease signing with the successful Library Liquor illustrates the strong tenant demand of this area. The strip center is ready for a new investor with new strategy to leverage the upside potential. This location provides excellent visibility and vehicular access. Additionally this shopping center is only a few blocks from the ap-proved Montebello Hills new home development project that is set to built in the coming year.

Property Highlights Owner user opportunity with 2,100 square feet coming vacant in December

2018. Current occupant has been estimated to generate 1 million plus gross sales revenue.

Solid neighborhood Shopping Center with long term tenants 10,800 Square Feet Retail Center 20,000+ cars per day at adjacent street intersections. Property located within close proximity to 10fwy, 60fwy and 605fwy Great upside potential with ample parking spaces High visibility location and easy access location Blocks from new Monterey Hills Homes development project Located in the heart of Rosemead California

Address: 8129-8147 Arroyo Drive

Rosemead, CA 91770

Units 8

Building SF 10,800

Year Built 29,277

APN 5074-002-012

8147 Arroyo Drive



8147 Arroyo Drive



PROPERTY LOCATION

ARROYO DRIVE

PARA

MO

UNT

BLVD

8147 Arroyo Drive



PROPERTY LOCATION

8147 Arroyo Drive



PRICING SUMMARY

THE OFFERING

Property Address 8147 Arroyo Drive

Rosemead, CA 91770

APN 5074-002-012

Units 8

Year Built 1973

Gross Square Feet 10,800 SF

Lot Size (SF) 29,277 SF

Price $4,098,000

Price/SF $379.44

CAP Rate 3.68

GRM 19.38

8147 Arroyo Drive



FINANCIAL OVERVIEW

2017 ANNUALIZED EXPENSES New Property Tax $46,307 Insurance $1,980 Water & Sewer $2,225 Electricity $1,428 Management $8,632 TOTAL EXPENSES $60,773

2017 PROJECTED INCOME Scheduled Gross Income $215,808 Less Vacancy Reserve 2% $4,316 Effective Operating Income $211,492 Operating Expenses $60,600 Net Operating Income $150,892 GRM 19.38 CAP 3.68 Cost Per Unit $512,250

First Loan Amount (50% Down) $2,049,000

Terms: 30 years due in 30

Interest Rate: 4.5%

FINANCIAL INFO

Monthly Payments $10,381.98

8147 Arroyo Drive



TENANT SUMMARY

UNIT NO. UNIT TYPE SQFT CURRENT RENT

8129 Kacey Flowers 1,080 $1,890

8131 Mexican Restaurant 1,056 $1,144

8133 The Real Massage 1,128 $1,133

8135 Internet Business 1,128

8139 APA Laundry HUB 1,460 $2,000

8141 My Hair & Nail Salon 632 $1,550

8145 Library Liquor 2,800 $4,800

8147 Undisclosed 2,160 $5,467

TOTAL MONTLY RENTS $17,984

8147 Arroyo Drive



8147 Arroyo Drive



COMPARABLES

8147 Arroyo Drive



SALES COMPARABLES

6040-6048 Atlantic Blvd Maywood, CA 90270

Sales Date: November 7, 2017 Price: $3,132,000 GLA: 7,287 sqft

1501 Maple Ave. Los Angeles, CA 9015 Sales Date: October 6, 2017

Price: $3,500,000 GLA: 6,500 sqft

4356-4358 Florence Ave. Bell, CA 90201

Sales Date: June 23, 2017 Price: $2,017,884 GLA: 5,346 sqft

8147 Arroyo Drive



MARKERT OVERVIEW

8147 Arroyo Drive



ROSEMEAD DEMOGRAPHICS

Population by Race Radius 1 Mile 3 Mile 5 Mile

White 7,761 ( 45.15%) 120,192 ( 52.99%) 410,819 ( 63.51%)

Black 226 ( 1.31%) 1,885 ( 0.83%) 7,927 ( 1.23%)

Asian 8,625 ( 50.18%) 97,687 ( 43.07%) 205,294 ( 31.74%)

Hispanic 7,333 ( 42.66%) 117,392 ( 51.76%) 393,929 ( 60.90%)

Other 354 ( 2.06%) 3614 ( 1.59%) 11,112 ( 1.72%)

Population Radius 1 Mile 3 Mile 5 Mile

2022 Projection 17,722) 232,538 664,110

2017 Estimate 17,188 226,812 646,832

2010 Census 16,281 221,694 627,383

Growth 2017-2022 3.11% 2.52% 2.67%

Growth 2010-2017 5.57% 2.31% 3.10%

2017 Household Income Income

Less than $30,000 3,871 (23%)

$30,000 to $74,999 7,248 (43%)

$75,000 to $149,999 3,871 (23%)

150,000 or More 1,003 (6%)

Employment Status

Employed ( Armed Force) 24 (1%)

Employed (Civilian) 26,951 (54%)

Not in Labor Force 20,436 (41%)

Unemployed 2,938 (4%)

8147 Arroyo Drive



TRAFFIC COUNT

STREET CROSS STREET CROSS STR DIST COUNT YEAR AVG DAILY VOLUME VOLUME TYPE MILES FROM SUBJECT PROP

Arroyo Dr Neil Armstrong St 0.04 NW 2016 5,818 MPSI .08

Neil Armstrong St Arroyo Dr 0.03 N 2016 1,400 MPSI .13

Paramount Blvd S Bradbury Dr 0.04 SW 2016 21,555 MPSI .14

Paramount Blvd Orange St 0.10 SW 2010 17,891 MPSI .15

Paramount Blvd San Gabriel Blvd 0.03 N 2016 17,229 MPSI .15

Hill Dr Kenneydale Ave 0.03 W 2016 16,110 MPSI .18

Hill Dr Arland Ave 0.05 NW 2016 12,808 MPSI .20

Arroyo Dr Centurion Ave 0.05 NW 2016 5,975 MPSI .21

San Gabriel Blvd Paramount Blvd 0.07 S 2016 20,521 MPSI .23

San Gabriel Blvd Hill Dr 0.07 S 2010 18,997 MPSI .23

8147 Arroyo Drive



EXCLUSIVELY LISTED BY Vincent M. Medina Brian D. Gordon Brokers BRE Lic. 01764292 (626) 582-8001

Investment Offering 8147 Arroyo Drive - images2.loopnet.com · Property Management & Real Estate...

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