West Downey Plaza

INVESTMENT HIGHLIGHTS

• UNLOCKING HIDDEN VALUE: Currently 68.25% occupied with all gross leases, West Downey Plaza presents a prime opportunity to enhance operational efficiency, reduce expenses, and significantly increase NOI through lease conversions.
• BELOW MARKET RENTAL RATES: On average, it is estimated that there are 22 leases at West Downey Plaza currently below-prevailing rates, further enhancing the value-add opportunity.
• FLEXIBLE LEASE TERMS: Approximately 31% of tenants are on month-to-month leases, providing immediate flexibility to implement more favorable triple net leases, ensuring stabilized income streams and heightened predictability.
• STRATEGIC LOCATION ADVANTAGE: Strategically located on Firestone Blvd with high visibility and accessibility, West Downey Plaza benefits from over 40,600 vehicles daily, ensuring optimal tenant and customer engagement.
• STRONG DEMOGRAPHIC SUPPORT: Surrounded by a robust residential community of over 248,000 people within a 3-mile radius, the plaza benefits from a steady flow of potential customers for retail businesses.
• ADDITIONAL REVENUE OPPORTUNITIES: Investors can leverage the ±135,000 SF lot by re-developing or leasing available outparcels, thereby enhancing potential income growth and maximizing investment returns.