1751-1754 W Slauson Ave, Los Angeles, CA
7-Eleven anchored, 100% leased strip center in a core Los Angeles market.
7-Eleven anchored, 100% leased strip center in a core Los Angeles market.
7-Eleven anchored, 100% leased strip center in a core Los Angeles market.
7-ELEVEN + SHOPS AT SLAUSON & WESTERN
$6.45M
Asking PRICE
100%
OCCUPANCY
Kidder Mathews as exclusive agent to Owner is pleased to present for sale 1752-1754 W Slauson Avenue, Los Angeles, CA. The offering represents an ideal "daily needs urban neighborhood strip center" in a core Los Angeles market. The ±8,919 SF building/± 22,681 SF site (0.52 Acres) is situated at the bustling SEC of the signalized intersection of W Slauson Ave & S Western Ave (±70,000 VPD).
Anchored by 7-Eleven (recent 10-year lease extension), the property is 100% leased to a synergistic mix of six (6) quick service restaurant/service tenants including national/regional brands such as Metro by T-Mobile, Wingstop, Ace Cash Express and Little Caesars Pizza. Several tenants have executed recent renewal options demonstrating their commitment to the center. In addition, 5 out of 6 tenants have over 10 years of successful historical occupancy at the property.
A brand-new roof was installed December 2023 (20-year assignable labor & materials warranty) and the parking lot asphalt was recently resurfaced in September 2021. In totality, the property offers an investor the opportunity to acquire a well maintained “internet resistant daily needs/food” based strip center with stable in place income and scheduled rental growth.
ADDRESS | 1752-1754 W Slauson Ave, Los Angeles, CA 90047 |
SALE PRICE | $6,450,000 |
STATIC IN PLACE NOI1 | $391,063 | 6.06% |
OCCUPANCY | 100% |
NUMBER OF SUITES | Six (6) |
BUILDING SIZE | ±8,919 SF2 |
LAND SIZE | ±22,681 SF (0.52 Acres)3 |
OWNERSHIP | Fee Simple (Land & Building) |
DEBT | Delivered free & clear of existing debt |
TRAFFIC COUNTS | ±70,000 VPD (Slauson Ave & Western Ave) |
YEAR BUILT | 1992 |
APN | 6002-001-001 |
FRONTAGE | ±160 Feet (Slauson Ave) ±138 Feet (Western Ave) |
PARKING | 35 Parking Stalls (4.10 Stalls / 1,000 SF) |
ACCESS | One (1) Ingress/Egress (Slauson Ave) One (1) Ingress/Egress (Western Ave) |
ZONING | LAM2 |
1Static In Place NOI DOES NOT include a Vacancy Factor.
2Building SF is based on square footages reflected in tenant lease documents (Buyer to Verify).
3Land SF is based on public record (Buyer to Verify).