Lucrum and Ray Rodriguez are proud to offer Sierra Vista Plaza, a flourishing multi-tenant NNN retail investment opportunity located in charming Sierra Madre, CA. This investment represents a rare opportunity for investors to acquire a turnkey center in a prime location at an incredible 6% Cap Rate equipped with seasoned tenants offering high-demand services proven to be recession proof, e-commerce resistant and most importantly, the services the neighborhood’s residents need! 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. In addition, the large basement offers access via a subterranean driveway leading to a combination door and garage door, ideal for storage and occupied by an estate sales company utilizing it for the aforementioned purpose.
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. Sierra Vista Plaza truly represents a pride of ownership center. 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 buzzes with activity during the day, offers a tranquil courtyard for guests to lounge between services and is well parked, conveniently accommodating its patrons with 33 onsite parking spaces comprised of 32 spaces and 1 handicap space for a parking ratio of 3.79 per 1,000 square feet.
Sierra Vista Plaza is located in the vibrant community of Sierra Madre, a picturesque city nestled in the San Gabriel Valley of California. Known for its natural beauty and small-town charm, Sierra Madre offers a captivating lifestyle and a serene retreat from the hustle and bustle of the surrounding urban centers. With a Walk Score of 79, most errands can be accomplished by foot appealing to the community’s active lifestyle. The location offers convenient proximity to dining, shopping and entertainment as well as quick access to the 210 freeway, Pasadena and DTLA. Sierra Madre is enticing for real estate investors due to its exceptional location, desirable lifestyle, and strong community appeal. The most attractive reasons to invest in Sierra Madre real estate and it’s draw to residents include it’s:
Proximity to major urban centers, including Pasadena and Arcadia, offers a strategic advantage. Investors can tap into the demand from these affluent neighboring areas, attracting a broader customer base and increasing the potential for attractive returns on investment.
Limited Supply and High Demand:
Sierra Madre’s limited supply of available real estate creates a demand-supply imbalance that favors property owners and investors. The scarcity of land and properties in the city contributes to increased property values and the potential for long-term appreciation, offering a solid foundation for real estate investments.
Sierra Madre has demonstrated resilience in its real estate market, with properties holding their value even during economic downturns. The city’s desirability, limited inventory, and strong demand contribute to a stable market that offers potential for consistent returns and long-term investment security.
Boasting upscale neighborhoods known for their charm, character, and well-maintained properties. The pride of ownership contributes to appreciating values and rising rents.
Potential for Development:
Sierra Madre’s strategic location and desirable lifestyle make it an attractive target for real estate development projects. Investors are always exploring opportunities to acquire underutilized properties or engage in property redevelopment projects that align with the city’s zoning and planning regulations, tapping into the potential for significant returns on investment.
A captivating lifestyle, characterized by natural beauty, outdoor recreation, and a close-knit community, appeals to a wide range of residents. The city’s commitment to preserving its natural environment and fostering community engagement contributes to the desirability of the area, making it an attractive destination for homebuyers and tenants.
Strong Community Spirit:
Active community involvement and engaged residents create a sense of belonging and pride in the neighborhood. This strong community spirit translates into well-maintained properties, a safe and welcoming environment, and increased demand for real estate, all of which are highly beneficial for real estate investors.