10944 South Street, Cerritos CA, 90703

Active

10944 South Street

Cerritos CA, 90703

$8,500,000

$527.43 per sqft

Active

16,116 sqft

Commercial

Built in 1975

Listed by Glenn Brander with Miller & Desatnik Realty Co. 310-428-4116

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.

25495297

MLSⓇ ID

February 3, 2025

Listed

February 12, 2025

Updated

Interior Features

Total Stories: 1
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 1.96 Acres

Other Property Details

Area Name: RD - Cerritos South of 91 Frwy, W of Norwalk
Days on Market: 3
Garage: No
Parking Total: 160
View: No
County: Los Angeles
Pool: No
Zoning: CEADP5

Listing Contact: 310-202-9166

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/12/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 2/12/2025 at 7:04 PM UTC