PepperTree Plaza, Diamond Bar CA Property Images & Information
PepperTree Plaza, Diamond Bar CA Property Description
Peppertree Plaza is an immediate value add opportunity as the existing rents are significantly below market. Despite the tenants desiring longer term leases, the ownership has intentionally maintained shorter term leases so that an investor can execute a value-add business plan in the very near future. Additionally, the average unit size is 900 square feet which enables an investor to maximize the per square foot rent within a market having hyper demand for smaller units. A number of the tenants have grown within the center and now occupy 3-5 units as the center’s strategic site plan easily allows for expansion into adjacent units.
Exclusive Investment Highlights
- Value add opportunity, 40% below market rent, short term leases, no options
- Small leasable units, average unit is 900SF, allows for maximizing per SF rent
- Extremely affluent trade area, AHHI of $175, 826 within a 1 mile radius
- Freeway adjacent location, 221,500 VPD on Orange Freeway (57), potential pole sign upside
- 97% Leased in a high barrier to entry market & strong occupancy within trade area
- Adjacent to the exclusive country estates, 1,600 acres, 980 custom homes
Area Overview
Located within Los Angeles County in the eastern San Gabriel Valley, Diamond Bar is one of the most affluent areas in the county. With an Average Annual Household Income within a 1-mile radius of $175,826, Peppertree Plaza provides its tenants access to a very exclusive resident with high discretionary spending power. Additionally, the center is located adjacent to the Country Estates, a 1,600-acre gated community with 980 custom homes with home values ranging from $2-8 Million. Peppertree Plaza is the only center in the immediate area offering numerous suites less than 1,000 sq. ft. for tenants providing service to this exclusive community. The center is also adjacent to the Orange (57) freeway (221,500 VPD). The convenient on/off ramps at Diamond Bar Blvd. provide convenient freeway access to thecustomers patronizing Peppertree Plaza.
(subject to change) $8,970,000 CAP RATE:6.25%
Financial Snapshot
| Net Operating Income | $560,656.00 |
|---|---|
| Rentable SF | 25,011 SF |
| Lot Size (Acres) | 2.53 AC |
| Year Built | See OM |
| APN | See OM |
| Zoning | Commercial |