Tuesday, August 26, 2008

Claremont Shopping Center For Sale $2,800,000

Property Use Type:Investment

GLA:13,550 SF
Lot Size:32,666 SF
Occupancy:100.00%
Price:$2,800,000
Price/SF:$206.64
Year Built:1962

Property Description:
The subject properties total square footage includes an occupancy of six spaces that are 100% leased to long term tenants. The shopping center is anchored by the newly open Sprouts Market which is not a part of the investment. There is plenty of on site parking. Please do not disturb tenants!!!

Financial Summary Actual
Year:2008
Scheduled Gross Income:$176,912
Effective Gross Income:$171,605
Operating Expenses:$26,498
Net Operating Income:$145,107



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