$41,900,000
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9.43 Acres Lot
SOLD DATE : 04/06/2023
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR23043417
Sold Date 04/06/23
HOA Y/N No
Lot Size 9.432 Acres
Property Sub-Type Mixed Use
Property Description
Rare opportunity to purchase a wholly-owned neighborhood center in the city of West Covina
South Hills Plaza tenants include national and regional favorites: Tokyo Central, Fitness 19, Dunkin' Donuts/ BHkln Robbins Taco Bell, li la, USPS, Charter Communication, Sprint T- Moblle, and among others
South Hills Plaza provides the immediate trade area with daily necessities and services for the local residents
Situated at the signalized hard comer location of Azusa Avenue (State Highway 39) & East Aroma Drive with over 43,000 cars per day
Large supporting base of residential households, nearby schools and community centers
Extremly high average annual household Income of $123,642 within 1 mile radius
Tenant synergy, proximate demographic and lImited alternatives in the trade area increase the probability of long-term occupancy at South Hills Plaza
Location
State CA
County Los Angeles
Area 669 - West Covina
Interior
Fireplace No
Laundry None
Building
Lot Description 31-35 Units/Acre
Water Public
Others
Tax ID 8493040179
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Hamed Adibnatanzi Alokee Inc.
johnherkenrath@epiquerealty.com
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