Pearl Plaza

18888 Labin Court Rowland Heights, CA 91748

18888 Labin Court, Rowland Heights, CA, 91748
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FOR SALE
Property Type:
Regional Center
Amount:
$70,000,000
Last Verified:
Jul 21, 2023

Highlights

  • New Construction
  • Diverse Internet-Resistant Tenants

Description

Pearl Plaza is a premier commercial shopping center located in the heart of Rowland Heights, California. This shopping center offers an excellent opportunity for investors looking to purchase a high-performing property with a diverse tenant base, staggered leases and significant upside potential.

The plaza is situated on a sprawling 6.13-acre lot and boasts over 267,000 square feet of retail space, including a variety of shops, restaurants, and entertainment venues featuring popular national brands as well as locally owned businesses. The property offers ample parking with more than 822 surface and structured parking spots, making it easily accessible to customers.

Newly constructed in 2012, an investor can rest assured that there will be minimal to no deferred maintenance. The modern architecture and inviting landscaping provides an aesthetically pleasing atmosphere to shop and dine with the local community in mind. The plaza also features several communal areas for patrons to gather, such as outdoor seating and a central courtyard with live entertainment options.

Pearl Plaza is located in a high-traffic area with over 96,000 cars passing by daily and highly visible from the Pomona (60) Freeway. The shopping center benefits from its central location, surrounded by affluent residential neighborhoods, providing an excellent customer base. It is also easily accessible from major highways, including the 60 and 57 freeways, providing convenient access to the surrounding areas.

This is an excellent opportunity for investors looking to purchase a high-performing commercial property with significant upside potential in one of Southern California's most desirable locations. Pearl Plaza is an exceptional asset that is sure to generate long-term value.

Densely populated residential area as well as one of the busiest business corridors along the Pomona (60) Freeway. The plaza is situated at the intersection of Colima Road and Nogales Street, which is a bustling area with a mix of residential and commercial properties. The surrounding area is primarily suburban, with several residential communities, townhouses, and apartment complexes located nearby.


Year Built: 2012
Building Size: 129500sq ft
Lot Size: 6.01 acres


Documents

Pearl Plaza.pdf

Map of 18888 Labin Court, Rowland Heights, CA, 91748

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.