8464 STATE STREET :: SOUTH GATE, CA 90280
 
38 UNIT DEVELOPMENT OPPORTUNITY BY RIGHT
PROPERTY DESCRIPTION

This property consists of 6,500 SF of building on a 6,506 SF lot.  8464 State Street is ideally located two blocks from Firestone Boulevard and has great vehicular and walking traffic. Nestled close to Long Beach Boulevard and Firestone Boulevard, 8464 State Street is surrounded by regional and national tenants such as; El Super, Chase Bank, Starbucks, Super A Foods, Jack in the Box, and Family Dollar among others.

 

 

This value add play presents a savvy investor the opportunity to capitalize on the upside potential. When market rents are achieved, the investor will have north of a 10% return. There is a vacancy which will allow a new owner to increase rents immediately and add value.   Attractive price per square foot of only $130.

 

 

 

OPPORTUNITY HIGHLIGHTS

 

  • CAP / Pro Forma: 5.90% / 8.98%

  • Attractive Low Cost Per Foot

  • Huge Upside in Rents/ Value Add

  • Prime South Gate Retail

  • Great Signage/Frontage

  • Phenomenal Vehicular/Pedestrian Traffic

 

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contact information

DANIEL HIRTH

310.300.2838

Daniel@HirthGroup.com

License CA 01515796

ALEX REYHAN

310.300.3181

Alex@HirthGroup.com

License CA 02005428

REQUEST OFFERING

MEMORANDUM