Sunset Plaza
Close Navigation

Sunset Plaza

Diamond Bar, CA 91765

$3,300,000
8,999sqft
30,400sf lot

Lee & Associates - Pasadena, Inc. is pleased to present this rare offering to purchase Sunset Plaza, a 100% Leased, NNN, multi-tenant, well-maintained retail plaza in Diamond Bar, CA at a 5.31% In-Place Cap Rate. 

First time on the market in 40 years, Sunset Plaza is located at 560-588 N. Diamond Bar Boulevard in the city of Diamond Bar, California. This multi-tenant retail building was constructed in 1968 and 1981, and is situated on a ±30,400 square foot parcel. The property consists of three buildings with 13 suites for a combined building size of ±8,999 square feet. There are approximately 71 parking stalls, to include additional parking via a reciprocal agreement, allowing this property to have an excess parking ratio of 7.88/1,000 SF. 

Sunset Plaza offers street-level storefront retail and office suites with good curb appeal, prominent tenant signage and 57 freeway visibility with over 145,000 vehicles per day. Communal restrooms are located in the rear of the central building. The property boasts major street frontage of 185 feet on N Diamond Bar Blvd with over 17,737 VPD, signalized corner at NB 57 freeway on-ramp, a pylon sign and two curb cuts on N. Diamond Bar Blvd. for easy accessibility.  

The property is attractive for tenants due to its easy accessibility, good tenant mix and optimal unit sizes, coupled with abundant parking and great traffic exposure. Current average lease roll over is 14.31 months with upside for rental increase potential.

Sunset Plaza is located in Diamond Bar’s Neighborhood Mixed Land Use and zoned OP (Office, Professional) allowing retail, office and personal services uses, which is the best and highest use.

  • Good tenant mix
  • 100% Leased
  • Located in an affluent, high-income suburban community with Average Household Income of $145,810 and borders the high-ranking city of Walnut.
  • Immediate customer base from surrounding Office Buildings totaling over 102,000 square feet.
  • Close proximity to 57/60 Freeways, Diamond Bar Golf Course & Tennis Club, Cal Poly Pomona Colleges and retail centers such as Diamond Bar Ranch and The Marketplace in Walnut.

CONTACT US FOR A COMPLETE OFFERING MEMORANDUM!

Features
  • 57/60 Freeway Visible
  • 100% Leased
  • NNN Retail Investment
  • Diamond Bar
  • Prime Asset
  • Unique Property
  • Retail Plaza
  • Lots of Parking
  • Well-Maintained
  • First time on the market in 40 years!
  • 5.31% Cap Rate
560 - 588 N. Diamond Bar Blvd.
Diamond Bar, CA 91765
Jamie Harrison
Founding Principal
Lee & Associates - Pasadena Inc.
626.240.2784
01290266
Christopher Larimore
Founding Principal
Lee & Associates - Pasadena, Inc.
626-240-2788
License ID 01314464
Vincent Molitor
Founding Principal
Lee & Associates - Pasadena, Inc.
626-240-2787
License ID 01295360
Get in touch
©2023 Lee & Associates Pasadena, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, lot boundaries or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk.
Loading...
..