THE OPPORTUNITY

In July 2021, Shopoff acquired a 99-year ground lease on 7.4 acres of commercial-freeway zoned land at 14500 Firestone Blvd. in La Mirada, California, directly adjacent to the I-5 freeway.

The site offers exceptional freeway visibility and exposure to extremely high daily traffic volumes along one of California’s busiest transportation corridors, the I-5 freeway, connecting San Diego and Los Angeles Counties.

HOW SHOPOFF IS ADDING VALUE

The firm has secured entitlements for two double-sided digital billboards, with construction scheduled to begin in Q4 2025 and completion anticipated by Q2 2026. Additionally, Shopoff plans to submit an entitlement application in Q2 2026 to seek City approval for a conceptual retail development that will accommodate up to five nationally recognized retail tenants.

Disclosures

An investment in a Shopoff fund involves a high degree of risk, including the possible loss of your entire investment, and is illiquid with an uncertain liquidity date. This material does not constitute an offer to sell or a solicitation of an offer to buy any security. Securities offered through Shopoff Securities, Inc. Member FINRA/SIPC.

These properties are one of a number of properties that are managed by Shopoff Realty Investments, and owned by open and closed investment funds. For the listing of all Shopoff’s current holdings visit: https://www.shopoff.com/current-assets/