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1/17/08
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Value Add Retail Investment Opportunity
Price Reduced - Motivated Seller
Blythe Town Center
631-737 West Hobsonway Blvd.
Blythe, CA
Property Type: Retail Shopping Center
List Price: $6,700,000
Building Size: 55,900 SF
Lot Size: 241,315 SF
Cap Rate: 7.38%
TO DOWNLOAD & VIEW PACKAGES ON ALL OF OUR
LISTED PROPERTIES VISIT: www.pcgnb.com
RARE SOUTHERN CALIFORNIA ASSET
Rare opportunity to purchase a retail center property anchored by All Star Cinemas and Dollar Tree in the Blythe trade area
Limited competition: Property boasts only movie theater in over 45 miles
Center is situated adjacent to the only drive-thru Starbucks in Blythe, creating a steady customer draw
Large pylon and building signs generate substantial traffic
VALUE ADD OPPORTUNITY WITH UPSIDE POTENTIAL
Existing rents will be easily replaced if not significantly improved as leases roll
High development potential including a possible subdivision, resulting in increased value
NOI projected to grow $133,464 (27%) over a ten (10) year hold period
STRONG RETAIL LOCATION
Only 3 miles away from the Eastern Gateway Retail Center with a planned Super Wal-Mart center on E. Hobsonway and N. Intake Boulevard
Strategic location with quick on/off ramp at cross-street Lovekin Boulevard, giving convenient access to Interstate 10
9,000,000 cars and trucks pass through Blythe on Interstate 10 each year!
The Blythe trade area grows to over 1,000,000 residents and visitors during the prime winter season
BELOW REPLACEMENT COST
For More Information, Please Contact:
Megan Wood
949.725.8452
megan.wood@cbre.com
Holly Hamilton
949.725.8452
holly.hamilton@cbre.com
Patrick Toomey
949.725.8452
patrick.toomey@cbre.com
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PRIVATE CLIENT GROUP - NEWPORT BEACH
The Private Client Group-Newport Beach is part of CB Richard Ellis, Inc. Investment Properties-Private Client Group Group. The Private Client Group-Newport Beach specializes in office, industrial and retail investment properties in Orange, Riverside and San Bernardino Counties.
View all of PCG-NB's current listings at our new "self-serve" web site: www.pcgnb.com
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