3520 W Washington Blvd
LOS ANGELES, CA 90255
PRICE
REQUEST FOR OFFERS
BUILDING SIZE
12,500 SF
LOT SIZE
15,001 SF
CAP RATE
PRICE/SF (BLDG)
PRICE/SF
(LAND)
-
$-
$-
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 3520 W Washington Boulevard, a 12,500 square foot multitenant storefront retail property situated on 0.34 acres of land (15,001 SF) just north of the 10 Freeway in Arlington Heights, CA.
3520 W Washington Boulevard is fully occupied by six tenants on short term leases with an average term remaining of 0.73 years. The property’s short-term tenancy creates the potential for an owner-user to occupy a portion or all of the building as leases expire or to occupy a variety of space in the building with the opportunity to expand as business operations grow.
The subject property benefits from exceptional visibility at the signalized corner of W Washington Blvd and 6th Ave and enjoys additional access via the rear alley.
The property’s in place tenancy pays $19,583.02 per month ($1.57/SF) or $234,996.24 annually, a rent well below market. All tenants are on NNN leases, paying their share of operating expenses.