Anaheim and Lakme
218-236 East Anaheim Street
Los Angeles, CA 90744
Highlights
- Fully leased (modified gross) with below-market rents
- Investor can increase income by converting to NNN leases as current leases expire
- Short-term leases create immediate repositioning potential
- 100% occupancy with stable tenant base
- Historical building with unique architectural features
- Zoned C for versatile retail use
- Prime location on East Anaheim Street
- High visibility and foot traffic
- Strong rental income with room for growth
- Well-maintained property with recent updates
- Newly renovated parking lot
- Newly renovated roof
- Excellent investment opportunity in Los Angeles
Description
Seize this exceptional chance to own a fully leased strip center at 218-236 E Anaheim St, strategically positioned in the bustling heart of Wilmington. With under-market rents and minimal lease terms remaining, this property offers a rare value-add opportunity for investors looking to unlock its full potential.
Located minutes from the Port of Los Angeles—the nation’s busiest container port—this asset benefits from unparalleled access to one of the region’s key economic drivers. Recent developments, such as the $77.3 million Wilmington Waterfront Promenade and a $412 million investment in zero-emission infrastructure, have amplified the area’s appeal, driving both growth and foot traffic.
The property boasts prominent street frontage along Anaheim St., excellent visibility, and proximity to major transportation arteries, ensuring strong tenant retention and attracting new tenants in a competitive market.
Highlights:
• Fully leased with below-market rents
• Short-term leases create immediate repositioning potential
• Located near major economic hubs and transportation networks
• Strong growth area with recent infrastructure and economic investments
Position yourself at the forefront of Wilmington’s economic evolution and the broader Greater Los Angeles commercial landscape. This is your opportunity to invest in a high-demand market poised for continued growth.
Presenting a prime value-add investment opportunity at 218-236 E Anaheim St, Wilmington—a fully leased strip center with under-market rents and short-term leases, ideal for strategic repositioning. Situated near the Port of Los Angeles, the nation’s busiest container port, this property benefits from significant economic activity and infrastructure investments in the area.
Recent developments include the opening of the $77.3 million Wilmington Waterfront Promenade, enhancing public access and community engagement (Port of Los Angeles). Additionally, the Port has been awarded a $412 million grant from the U.S. Environmental Protection Agency to support zero-emission initiatives, reflecting a commitment to sustainable growth (Port of Los Angeles).
The property’s strategic location offers tenants seamless connectivity to major transportation routes, aligning with the dynamic commercial real estate landscape of Greater Los Angeles. This investment presents a compelling opportunity to capitalize on the area’s ongoing transformation and economic vitality.
