Whittier, California, offers a unique opportunity for investors to capitalize on the city's growing economy and diverse population. With a population of approximately 90,000 residents, Whittier is an attractive location for businesses and individuals alike. Shopping centers in Whittier are a prime example of a solid investment opportunity, providing a stable source of income and potential for long-term growth. These properties can represent a variety of investments, from retail spaces to mixed-use developments, offering a range of options for investors. Whittier's amenities, infrastructure, and location make it an ideal place to invest in a shopping center. The city is home to several major employers, including PIH Health Hospital and Whittier College, and features a range of attractions, such as the Whittier Museum and Pio Pico State Historic Park. Additionally, Whittier's proximity to major transportation hubs and its Mediterranean climate make it an attractive location for businesses and residents.
Currently, there are 4 shopping centers for sale in Whittier, offering a range of options for investors. The average price per square foot for these properties is $789 USD, with an average size of 6,700 square feet. The largest shopping center available for sale is 9,527 square feet. In addition to shopping centers, Whittier also offers a range of other property types, including restaurants, specialty properties, land, and office properties. For example, restaurants in Whittier can be found in the city's historic Uptown area, while specialty properties, such as medical offices, are located near major hospitals like PIH Health Hospital. Land for sale in Whittier can be found in various areas, including the city's industrial zones, while office properties are concentrated in the city's central business district. Overall, Whittier offers a diverse range of investment opportunities, making it an attractive location for businesses and individuals alike.
What is the average cap rate for shopping centers in Whittier?
The average cap rate for shopping centers in Whittier is 5.01%, making it an attractive investment opportunity for those looking to capitalize on the city's diverse economy and strong retail sector.
