Archive for: 90017

Sands Investment Group is pleased to offer for sale a Little Caesars & Metro PCS anchored strip center located at the signalized intersection of Union Ave & 7th Street in the City of Los Angeles. The subject property was built in 2006 and features three tenants including Little Caesars, Metro PCS & Yolo Steak Sandwiches. With 100% occupancy, this asset offers a stable investment with the ability to steadily increase NOI over time through replaceable and below market rents.

This offering is a rare opportunity to purchase a strip center on a dominant intersection adjacent to Downtown LA. The intersection of Union Ave & 7th Street boasts traffic counts of over approximately 30,000 cars per day. Conveniently located just off the 110 Freeway and within close proximity to both the 10 & 101 Freeways, the asset offers close proximity to many downtown destinations. With over 560,000 people within 3 miles, the location provides a large built in customer base for a neighborhood strip center.  The site is just one block from Wilshire Blvd & located near many major retailers including Food 4 Less, Home Depot, McDonalds, Starbucks & more.