Commercial Real Estate California

EXCLUSIVE LISTING

Goodwill & Shops

Cerritos, CA

INVESTMENT HIGHLIGHTS

Goodwill anchored center | Recent 10-year lease extension and two (5-year) options to extend
Both SJJ Fitness & Sports Performance and Cerritos Bike Shop feature brand new leases (5 & 7-year terms respectively) with annual rent increases and options to extend
Future upside through repositioning, retenanting of the center, or assemblage of the entire center’s parcels (center currently features multiple owners)
Goodwill & Shops offers the opportunity to own part of a Los Angeles infill shopping center at a low price point | Not-a-part tenants including Sky Zone (newly signed lease), VCA Lakewood Animal Hospital (outparcel), and Rosewoods Restaurant
Located less than a mile from Los Cerritos Center Mall (1,300,000+ SF), anchored by Nordstrom, Forever 21, Harkins, Macy’s, Dick’s, and Zara | Significant driver of traffic within the area
Less than 0.5 miles from the largest auto mall in the world with more than 29 dealerships, including Toyota, Honda, Chevrolet, Volkswagen, Nissan, and more
Situated along South Street (29,000 VPD) | Just 0.5 miles away from Interstate 605 (276,000 VPD) with convenient on/off ramp access
City of Cerritos’ strategic location along the 91 and 605 Freeways contribute toward a greater demand for retail space
More than 263,000 residents (AHHI $108,000) and over 12,600 employees in the 5-mile trade area