For Sale - International Outlet Center
For Sale - International Outlet Center 6200 Wilmington Avenue, Huntington Park, CA 90255 Presented by Global Commercial Real Estate International Outlet Center 6200 Wilmington Avenue, Huntington Park, CA 90255 Property Details International Outlet is a Retail Outlet/Swap Meet Center with Existing Income with Long Term Development Potential. There is another detached concrete steel framed two story office building of approximate 5,000 sf., that may be used as an another source of income growth. The shopping center has approx. 30,000 s.f. and the indoor swap meet of 90,000 s.f. that has approximately 127 tenants, a mix of retail, restaurants, markets, flower shops, toys, men's/women's/children's clothing and more. The subject property provides an investor with existing cash flow with upside to create additional retail booths and more parking and the opportunity to develop the site into long term and creative uses, such as mixed-use, multi-family or hospitality applications. The neighborhood surrounding the subject property consists of a mix of retail, commercial, industrial, single family residences and multi-family units. There is a business power center within a mile from this location at Florence & Alameda Street with corporate tenants such as Bank of America, CVS Pharmacy, Ross, Marshalls, Petco, Office Depot, Freshy & Easy (market) Big 5, Dollar Tree, Chuck E. Cheese, Verizon Wireless, Panda Express. Price: Price Not Disclosed n n n n n n International Outlet consist of attached shopping center and indoor swap meet building as one parcel Conversion to residential income property is the perfect project to the developer Significant rental income will pay off the mortgage Existing Income with Long Term Development Potential In addition to this property The International Outlet is situated on approximately 4.63 acres of land The property is situated at the northeast corner of Wilmington Avenue and Gage Avenue Price: Price Not Disclosed Gross Leasable Area: 128,395 SF Building Size: 128,395 SF Property Type: Retail Property Sub-type: Outlet Center Property Use Type: Investment No. Stories: 1 Tenancy: Multiple Year Built: 1928 Lot Size: 202,118 SF International Outlet Center 6200 Wilmington Avenue, Huntington Park, CA 90255 Financials, Debt and Unit Mix Financial Summary AnalysisType Year Scheduled Gross Income Effective Gross Income Operating Expenses Net Operating Income Actual 2013 $969,226 $969,226 $316,300 $652,926 International Outlet Center 6200 Wilmington Avenue, Huntington Park, CA 90255 Location Location Description The International Outlet is situated on approximately 4.63 acres of land and it's one of the largest parcels in the City of Huntington Park and more properties are being built such as a huge apartment complex, shopping center, condominium, ect. within a mile to Eastward. There is over 364' frontage on Gage Avenue and over 593' frontage on Wilmington Avenue. The property is situated at the northeast corner of Wilmington Avenue and Gage Avenue at the border of Huntington Park and west of the Alameda Corridor and is south of Downtown Los Angeles and minutes from the City of Vernon. The property offers easy freeway access, as it is east of the Harbor (110) Freeway, west of the Long Beach (710) Freeway and north of the Century (105) Freeway. International Outlet Center 6200 Wilmington Avenue, Huntington Park, CA 90255 Property Photos International Outlet Center 6200 Wilmington Avenue, Huntington Park, CA 90255 Property Photos International Outlet Center 6200 Wilmington Avenue, Huntington Park, CA 90255 Ariel and Plat Map Plat Map International Outlet Center 6200 Wilmington Avenue, Huntington Park, CA 90255 Market Trends — — — State Metro County Feb 14 vs. 3 mo. prior Y-O-Y $195 $243 $245 -0.2% +1.4% +1.6% +1.5% +1.4% +2.6% — — — State Metro County Feb 14 vs. 3 mo. prior Y-O-Y $20.18 $23.52 $23.81 +0.7% +0.7% +1.0% +1.4% +2.5% +2.7% International Outlet Center 6200 Wilmington Avenue, Huntington Park, CA 90255 Broker Profile Frank Lahijani - Jeremiah Curry [email protected] (213) 221-1288 License: 00975920 Global Commercial Real Estate 811 Wilshire Blvd., Suite 880 Los Angeles, CA 90017 Global Commercial Real Estate, Inc., a privately held full service Industrial and Commercial Real Estate firm operating in the Greater Los Angeles market since 2003. Services Our services offer real estate owners, investors and end users the highest standards of integrated and comprehensive solutions. Equipped with solid market knowledge and expertise, our professional associates are committed to assisting our clients in completing their real estate objectives with optimal satisfaction. Market Knowledge Our firm focuses on the specific needs of our clients needs and pride ourselves on providing exceptional service, insightful market knowledge, and leading edge online marketing strategies. We arrange the sale or lease of industrial, retail, and office buildings and specialize with build to suit, investment sales, corporate services, commercial land, and shopping centers. Property Management Oversight of property maintenance and capital improvements, rent collection, and lease management. Our clients are provided with detailed monthly operating and financial reports to keep them informed of property activities. We also manage problematic tenants, delinquent rents, and tenant evictions. We will take over previously mismanaged buildings, recover the property and lease vacancies, which allow our clients to maximize their real estate investment. Sales and Transactions Our Firm offers transaction expertise in both corporate and investment real estate. Our Professional associates are dedicated to providing our clients advisory, management, and consulting services based on insightful market knowledge. At Global Commercial Real Estate we're dedicated to providing our clients with the highest quality and the most professional service possible. Professional Affiliations LoopNet Costar Group American Industrial RE Association Smith Guide Los Angeles Board of Realtors California Association of Realtors National Association of Realtors Current Occupation: Leasing and Selling of Commercial Properties Work Experience: Global CRE's main focus is industrial and commercial property types including all facets of sales and leasing. Global CRE is a highly successful and respected company in the Industrial and Commercial real estate field and all our associates have well over two decades of experience and knowledge. Global CRE has completed well over 750 transactions in excess of 15,000,000 square feet of buildings valued in excess of $800 million. At Global CRE we have have worked with a wide variety of Investors, Industrial and Commercial users. These include, but are not limited to, sewing, knitting, dying, furniture manufacturing, metal working, plating, food processing, recycling, warehousing and distribution, manufacturing, retail and office. The transactions themselves include sales, leases, subleases, and exchanges. Further, clients range from business owners, absentee property owners, retirees, developers, and asset managers. Education: Global CRE is affiliated with the most respected associations within the Commercial Real Estate Industry – American Industrial Real Estate Association (AIR), Costar Group, Loopnet, California Association of Realtors (CAR) and National Association of Realtors (NAR). Organizations/Associations: National Association of REALTORS, LoopNet, Inc.
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