10944 South Street

Cerritos, CA 90703 Active for $8,500,000

Overview
Map & Location
Median Values
Schools & Score
Property History
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Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 85,290 sqft

Property Facts

MLS	25495297
Year Built	1975
Property Type
County	Los Angeles
Status	Active
Active	$8,500,000
Structure Size	N/A sqft
Lot Size	85,290 sqft
Beds	N/A
Baths

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.

Listing information courtesy of: Glenn Brander, Miller & Desatnik Realty Co. 310-428-4116. *Based on information from the Association of REALTORS/Multiple Listing as of 02/12/2025 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.