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$ 8,500,000
Est. payment | /mo
16,116 SqFt
$ 8,500,000
Est. payment | /mo
16,116 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 16,116 sqft
Price per Sqft $527
MLS Listing ID CL25495297
HOA Y/N No
Year Built 1975
Lot Size 1.958 Acres
Acres 1.96
Property Sub-Type Comm Ind For Sale
Property 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.
Location
State CA
County Los Angeles
Zoning CEAD
Interior
Fireplace No
Exterior
Total Parking Spaces 160
Building
New Construction No
Others
Tax ID 7049014011
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Listed by Glenn Brander • Miller & Desatnik Realty Co.
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