BALDWIN PARK TOWNE CENTER

BALDWIN PARK, CA

$13,000,000

 

Baldwin Park Center

AT A GLANCE

  • Located within a prime Los Angeles county retail trade area, anchored by Home Depot.

  • 100% leased / gorwing income stream with rental increases.

  • Interstate 10 freeway visibility with over 209,000 vehicles per day.

CHALLENGES

  • Peception of above market lease rates.

  • Mostly small, independent tenants.

  • Existing in-place loan.

MARKETING STRATEGY

  • Targeted Southern Califronia owners and 1031 exchange buyers.

  • Focused on significant demand and limited supply in trade area.

RESULTS

  • Generated multiple offers from various buyer profiles.

  • Closed at mid-5% cap rate / over %515 per square foot.

  • Structed loan assumption with buyer.