Lakewood, California, offers a unique opportunity for investors to capitalize on the city's growing economy by purchasing a shopping center. With a population of approximately 80,000 residents, Lakewood provides a stable customer base for businesses. Shopping centers in Lakewood can represent a variety of investments, from retail spaces to mixed-use developments, offering a range of possibilities for investors. The city's infrastructure, including the San Gabriel River Bike Trail and major transportation facilities like Lakewood Boulevard and the San Gabriel River Freeway, makes it an attractive location for businesses. Additionally, Lakewood's education system, served by multiple school districts, including Long Beach Unified School District and ABC Unified School District, provides a well-educated workforce. The city's geography, with its proximity to Long Beach and other neighboring areas, also makes it an ideal location for businesses. Lakewood is home to several major employers, including Lakewood Regional Medical Center and the Los Angeles County Sheriff's Department, which contributes to the city's economic stability. The city's attractions, such as the Lakewood Cultural Center and the Lakewood Arts Festival, also make it a great place for business and travel.
Lakewood's shopping centers are situated in a prime location, with nearby amenities like Rynerson Park and the Lakewood Station operated by the Los Angeles County Sheriff's Department. The city's economy is diverse, with major sectors including retail, healthcare, education, and public administration. In addition to shopping centers, Lakewood also offers other investment opportunities, such as restaurants, which can benefit from the city's growing population and diverse economy. Specialty properties, like the Lakewood Cultural Center, can also provide unique investment opportunities. Land investments are also available, with the city's proximity to Long Beach and other neighboring areas making it an attractive location for developers. Office properties, like those found in the Lakewood Center, can also provide a stable source of income for investors. With 4 shopping centers available for sale, Lakewood offers a range of investment opportunities for those looking to capitalize on the city's growing economy.
What is the average cap rate for shopping centers in Lakewood?
The average cap rate for shopping centers in Lakewood is 6.06%, which is a key consideration for investors looking to purchase one of the 4 available listings in the area, with average prices per square foot of $596 USD and average sizes of 19,672 square feet, ranging up to 40,942 square feet.
