for sale or lease: retail / storefront building 50-52 e. … · 2018. 3. 29. · features high...

FOR SALE OR LEASE: Retail / Storefront Building50-52 E. Huntington Drive, Arcadia, CA 91006

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COLDWELL BANKER COMMERCIAL ADVISORS | LIC# 01929798 | 701 North Brand Boulevard, Suite 800, Glendale, CA 91203-3279 | 818.334.1900 | 818.334.1876 | www.cbcadvisors.com

John S. Archibald, MCRSenior Vice President

[email protected] Broker Lic.# 00996775

Investment Specialists:

Guillermo OlaizSenior Vice President


SALE PRICE: $1,880,000

This statement with the information it contains is given with the understanding that negotiations relating to the purchase, renting or leasing of this property shall be conducted through this office. The information while not guaranteed has been secured from sources we believe to be reliable how-ever, it is up to the buyer or tenant to verify the information and conduct appropriate due diligence. Coldwell Banker Commercial and its Logo are registered service marks owned by Coldwell Banker Real Estate, LLC. Each Office is Independently Owned and Operated. All Rights Reserved. © 2018

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Retail / StorefrontBuildingFOR SALE OR LEASE:

50-52 E. Huntington Drive Arcadia, CA 91006

Source: CoStar

DEMOGRAPHICS

Radius 1 Mile 3 Miles 5 Miles

2022 Population 18,630 164,793 389,196

2017 Population Estimate 18,213 160,460 378,590

2017 Avg Household Income $96,929 $105,289 $97,029

SALE PRICE: $1,880,000 | LEASE PRICE: Negotiable

Source: CoStar

TRAFFIC COUNTS

Cross Street Count St. Dest.

E Huntington Dr & N 2nd Ave 27,959 0.05 W

Walk Score

85Very WalkableMost errands can be accomplished on foot.

AVAILABLE50 E Huntington Dr ±912 SF

52 E Huntington Dr - Ground Floor ±4,170 SF

2nd Floor ±1,925 SF

Total Building Size ±7,007 SF

Lot Size ±7,372 SF (0.17 AC)

SITE ATTRIBUTES:

Zoning: . . . . . . . . . . . . . . . . . . . . . . . .C2, ArcadiaParking: . . . . . . . . . . . . . . . . . . . . . . . .Up to five (5) spaces (in tandem)

HIGHLIGHTS:

Iconic freestanding brick building with an attractive curb appeal. Features high ceilings and an interior skylight for abundance of

natural light. Very visible signage to eastbound traffic. Located in the Central Business District of Arcadia. Fronting the heavily trafficked east-west thoroughfare of

Huntington Dr. Walking distance to Metro Gold Line Station. Surrounded by abundant retail amenities and a great mix of

national and local credit tenants.


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Plat / Parcel Map

50 E Huntington Dr(±912 SF)

52 E Huntington Dr(±6,095 SF)

2nd Floor

Address Floor Size

50 E Huntington Dr 1st ±912 SF

52 E Huntington Dr 1st ±4,170 SF

52 E Huntington Dr 2nd ±1,925 SF

50 - 52 E Huntington Dr Bldg: ±7,007 SF Lot: ±7,375 SF

APN: 5773-013-020


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Local Map Regional Map

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Local Retailer Map

SUBJECTPROPERTY

BURGER

Arcadia Golf Course

NewcastlePark

ElsenhowerPark

MonroviaHigh

School

Civic CenterAthletic field

Santa AnitaPark

Foothill 210 Freeway

N S

anta

Ani

ta A

ve

Sant

a Cl

ara

St

Huntington Dr

N 2

nd S

t

metro - GOLD LINE


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Aerials

SUBJECTPROPERTY

SUBJECTPROPERTY


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Arcadia is a city in Los Angeles County, California, United States located about 13 miles (21 km) northeast of downtown Los Angeles in the San Gabriel Valley and at the base of the San Gabriel Mountains. It is the site of the Santa Anita Park racetrack and home to the Los Angeles County Arboretum and Botanic Garden. The city had a population of 56,364 at the 2010 census, up from 53,248 at the 2000 census. The city is named after Arcadia, Greece.

In 2016, Arcadia was ranked the 5th most expensive housing market in the United States by Business Insider, with an average list of $1,748,680 for a four-bedroom home.

In 2012, Arcadia was ranked 7th in the nation on CNN Money magazine’s list of towns with highest median home costs.

Arcadia’s Upper Rancho neighborhood was ranked the 23rd richest neighborhood in Southern California by Business Insider in 2014, with a mean household income of $310,779.

In 2010, Bloomberg Businessweek named Arcadia as one of the “Best Places to Raise Your Kids: 2010” for the second year in a row.

Located northeast of downtown Los Angeles, Arcadia is bordered by six other communities: Pasadena, Sierra Madre, El Monte, San Marino, Monrovia, and Temple City.

Arcadia’s economy is driven by wholesale trade, retail trade, manufacturing, health care and social assistance, arts, entertainment, and recreation. Revenue from the Santa Anita Racetrack has long supported capital improvements for the City of Arcadia, resulting in the City having very little bonded indebtedness.

The Westfield Santa Anita mall (formerly the Santa Anita Fashion Park) is a major shopping center in the city. In 2005, the Westfield Santa Anita completed its first phase of expansion featuring a new food court, Sport Chalet, Dave & Busters, numerous smaller retailers, various full-service eateries in an area known as Restaurant Square, and a 16-screen AMC Theatres. In 2008, expansion of the mall continued as the Promenade outdoor structure was completed, with new high-end retailers such as Coach and Talbots.

The proposal by Caruso Affiliated and Magna Entertainment to build a second large shopping mall adjacent to Westfield Santa Anita on the grounds of the Santa Anita Park racetrack will not be coming into fruition anytime soon. The controversial project, known as “The Shops at Santa Anita”, had prompted heated debate among some residents in the community and enormous spending by corporate interests in favor and against the project. If the second mall had been built, the combined size of the two malls will make Arcadia the largest retail shopping district in Los Angeles County. “The Shops at Santa Anita”, which require City Council approval, would have included signature retail, restaurants, and landscaping featuring a large decorative water display, all situated in what is the race track’s southern parking area, severely curtailing race track parking property.

ARCADIA: Best Places to Raise Your Kids - 2010

for sale or lease: retail / storefront building 50-52 e. … · 2018. 3. 29. · features high...

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