Rosecrans Crossing

7-ELEVEN & MEDICAL ANCHORED INFILL LOS ANGELES STRIP RETAIL CENTER

Deal Type: Acquisition

Risk Profiles: Core Plus

Property Types: Retail

Stable Top Performing Infill Los Angeles County Retail Center 

 

As exclusive advisor, Institutional Property Advisors (“IPA”) is pleased to offer the opportunity to acquire Rosecrans Crossing Shopping Center (the “Property”), which is a 92% leased, 25,094 square foot retail center advantageously located near the highly trafficked intersection of W Rosecrans Avenue & S Central Avenue (+81,071 VPD). The Property benefits from an infill location with population counts of 271,710 within a 3 mile radius and 823,615 within 5 miles and boasts a diversified rent roll with an internet resistant tenant mix. Rosecrans Crossings presents an opportunity to purchase a cash flowing retail asset with high national credit occupancy, and room to increase revenue through vacancy lease up.

DENSE, FAVORABLE INFILL DEMOGRAPHICS
Located in the Northwest corner of Compton and close proximity to both the 105
and 110 highways, Rosecrans Crossing is perfectly situated to benefit from the high population counts of infill Los Angeles.
DOMINANT 7-ELEVEN LOCATION
The 7 Eleven at Rosecrans Crossing ranks in the 93rd percentile of all US 7 Eleven locations in store visits.
GREAT TRAFFIC EXPOSURE
With two access points on W Rosecrans Ave (28,578 VPD) and close proximity to S Central Ave (23,729 VPD), Rosecrans Crossing benefits from high traffic volume and large employment centers in the nearby area.
NATIONAL CREDIT TENANT RENTAL INCOME
44% of Rosecrans Crossing’s revenue is from national credit tenants.

INSTITUTIONAL INVESTMENT IN IMMEDIATE TRADE AREA
Surrounding Rosecrans Crossing are multiple newer industrial buildings with
institutional ownership which maintain high levels of upkeep to preserve value in
their investments.
HIGH BARRIERS TO ENTRY
The property’s infill location and lack of surrounding developable land ensure
long term stability for the property and protection against increased competitive
properties in the future.
UNENCUMBERED ASSET
The Property is being offered free and clear of existing debt, allowing investors to
source accretive financing to generate attractive leveraged returns.
YEAR 2 NOI GROWTH
NOI grows by 16.67% in Year 2 due to scheduled rent increases.

Enrique Wong

Marcus & Millichap

(818) 266-5483

enrique.wong@marcusmillichap.com

Patrick Toomey

IPA

(310) 403-4984

ptoomey@ipausa.com

Tom Lagos

IPA

(310) 722-8939

tlagos@ipausa.com