10944 South Street,Cerritos, CA 90703
Cerritos, CA 90703
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.
Details
| MLS# | 25495297 |
|---|---|
| Listing Type | For Sale |
| Building Name | Mitsubishi Motors |
| Sub-Type | Resale |
| Status | Active |
| Year | 1975 |
| Days On Site | 78 |
| Listing Provided By | Miller & Desatnik Realty Co. 310-202-9166 | Glenn Brander |
Features
| SQ Feet | 16,116 |
|---|---|
| Story(s) | 1 |
| Zoning | CEADP5 |
| Acreage | 1.96 |
Market Activity 90703
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Cerritos |
| Zip Code | 90703 |
| Area | RD Cerritos South of 91 Frwy | W of Norwalk |
| Listing VS Median (in 90703) | |
Price: $8,500,000 low | high Med: $1,164,000 SqFt: 16,116 low | high Med: 1,560 $ / SqFt: $527 low | high Med: $753 On site: 78 low | high Med: 63.5 | |