Listed by Raymond Rodriguez with Keller Williams Realty Calabasas 866-582-7865

We are proud to offer Sierra Vista Plaza, a flourishing multi-tenant NNN retail investment opportunity located in Sierra Madre, CA. This investment represents a rare opportunity for investors to get a turnkey center in a prime location at an incredible 6% Cap Rate equipped with tenants offering high-demand services proven to be recession proof and e-commerce resistant. The building is low maintenance, and its attractive curb appeal draws in foot traffic from busy Sierra Madre Boulevard.

The tenants have proven to be committed to the location and most are on long-term leases with annual increases of 3%. The tenant mix is excellent, offering guests a convenient range of services from laundry, flowers, nails, eyelashes, massage, and a prominent special needs learning center. Additionally, the large basement offers access via a subterranean driveway leading to a mix of door and garage door, ideal for storage and is being utilized by an estate sales company.

Originally built in 1966 and extensively renovated in 2021, some of the major capital improvements include installation of 3 new central HVAC units, renovation and servicing of remaining central HVAC units, resealed roof, freshly asphalted parking lot and restriping of 33 parking spaces, new monument sign, paint, and drought tolerant landscaping. The structure is a sprawling single-story building, square footage totals 12,491 square feet on an impressive 23,406 square foot lot offering a total of 10 units featuring plenty of inviting display style windows. Zoning is SRC1CC-RP*. The center offers a courtyard for guests to lounge between services and is well parked, it has 33 onsite parking spaces with ratio of 3.79 per 1,000 square feet.

Property Highlights:
+ Turnkey NNN investment opportunity offered at an attractive 6% Cap Rate
+ Triple net (NNN) & modified triple net leases
+ Most tenants on annual increase of 3%
+ Low maintenance with major capital improvements completed in 2021
+ The expansive lot offers plenty of parking (33 spaces) and the potential for future re-development
+ Recent notable improvements include the installation of three new central HVAC units, servicing and renovation of the existing central HVAC units, a resealed roof, freshly asphalted parking lot with restriping for 33 parking spaces, a new monument sign, fresh paint, and the addition of drought-tolerant landscaping
+ Lively center with attractive curb appeal and impressive foot traffic