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
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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.