Shopoff Realty Investments recently acquired the ground lease on 7.25 acres in La Mirada, directly adjacent to Interstate 5. The property is located along Firestone Boulevard, with access to the new Valley View Avenue Bridge, which will provide freeway access when completed in 2022.

“Centrally located on the border of Orange and Los Angeles counties, this property provides an exceptional opportunity to create various commercial-oriented uses that benefit from its I-5 frontage,” says William Shopoff, president and chief executive officer of Shopoff Realty Investments. “The Shopoff team will work to create sub-ground leases for uses such as restaurants, convenience stores, gas stations, billboard advertising and more.”

The property is also located near major population and employment centers, with ample daytime traffic.

“With Caltrans investing $1.9 billion to improve this vital corridor, traffic counts are expected to be more than 300,000 a day when improvements are completed early next year,” says Brian Rupp, executive vice president of real estate for Shopoff Realty Investments. “This will add additional value to the property as increased consumer visibility will benefit commercial tenants.”