Ideal building for Medical Center, Physical Therapy, High-tech R&D. Recently renovated in 2015 with matching faÃ§ade with newly constructed Wells Fargo, T.J. Maxx directly across Firestone Blvd. High profile sharp image building with an abundant power service (480 VAC @ 1,000 AMP) to handle MRI and other medical imaging equipment. One of the highest traffic areas of Norwalk with easy access to 5 FWY, 105 FWY, 605 FWY. Gateway to downtown LA and Orange County. Incorporated in 1957, Norwalk has a population of approximately 110,000 residents. Cerritos College, which has a student body of approx. 22,000 fulltime and part-time students. The city houses the Los Angeles County Registrar/Recorder within its borders. The office issues approx. 75,000 marriage licenses and processes 125,000 fictitious business names, and 2 million real and personal property documents annually. This translates into 2,000 customers daily, which boosts local economic activity and supports local businesses. Building not currently occupied. Pro forma Cap rate of 6.2 based on conservative NNN lease @ $2.88 / SqFt. This is an opportunity that will not last long on the market. CBRE 2018 U.S. Healthcare Capital Markets report lists this as the hottest commercial market in Southern California with an unmet and expanding demand.
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|1/16/2019 5:48:00 PM|