10944 South Street, Cerritos, CA 90703
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Listed Price :
$8,500,000
-
Beds :
N/A
-
Baths :
-
Property Size :
N/A sqft
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Year Built :
1975
Property 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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
10944 South Street |
| City |
Cerritos |
| State |
CA |
| Zip |
90703 |
| County |
Los Angeles |
| Listing Agent |
Glenn Brander DRE #01020228 |
| Courtesy Of |
Miller & Desatnik Realty Co. |
| List Price |
$8,500,000 |
| Status |
Active |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
85,290 |
| Year Built |
1975 |
Listing information courtesy of: Glenn Brander, Miller & Desatnik Realty Co.. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 6th, 2025 at 9:18 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
