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10944 South Street, Cerritos, CA 90703
Priced at Only: $8,500,000
For more Information Call Mobile: 714.478.6676
Address: 10944 South Street, Cerritos, CA 90703
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  • MLS#: 25495297 ( )
  • Street Address: 10944 South Street
  • Viewed: 15
  • Price: $8,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1975
  • Bldg sqft: 0
  • Days On Market: 61
  • Additional Information
  • County: LOS ANGELES
  • City: Cerritos
  • Zipcode: 90703
  • Provided by: Miller & Desatnik Realty Co.
  • Contact: Glenn Glenn
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    10944 South Street, Cerritos, CA 90703 presents an exceptional single tenant leased NNN investment opportunity with minimal landlord responsibility. The property spans an impressive 1.96 acres of prime land, ideally located within the renowned Cerritos Auto Square, the world's largest auto mall. This strategic location is home to a single tenant, Mitsubishi Motors New Sales/Parts/Service Center, offering a secure and stable income stream. The subject property offers a rare and highly sought after opportunity for investors seeking long term stability with minimal oversight. Mitsubishi Motors, an established and trusted brand in the automotive industry, occupies the space under a NNN lease. The tenant has full responsibility for all property maintenance outside of maintaining the roof and foundation which are the landlord's responsibilities. The tenant is also fully responsible for payment of property insurance and property taxes, with NO TENANT PROP 13 PROTECTION meaning, the increase in property taxes after the sale will be a continued responsibility of the tenant.
Features
Anchors Cotenants
  1. Mitsubishi Motors
Building Area Total
  1. 16116.00
Country
  1. US
Netoperatingincome
  1. 300000.00
Parcel Number
  1. 7049014011
Postalcodeplus4
  1. 5302
Totalmonthlyrent
  1. 25000
Views
  1. 15
Year Built
  1. 1975
Zoning
  1. CEADP5
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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