Property Use Type: | Investment |
Type: | Retail Street Retail |
Building Size: | 8,307 SF |
Lot Size: | 7,797 SF |
Occupancy: | 100.00% |
Price: | $1,595,000 |
Price/SF: | $192.01 |
Cap Rate: | 5.80% |
Property Description: Offers an investor the opportunity to acquire a 7797 SF commercial building with huge income upside in the most desirable area of Los Angele, this property has been recently renovated and is well maintained. While enjoying a steady income from current tenants with a 5% annual increase on all leases, an investor could achieve a significantly stronger cash flow at the end of each lease. Currently rents in this area are approximately $1.60-1.90/SF NNN.
Financial Summary | Actual |
Net Operating Income: | $92,510 |
Tenancy Type: Multiple
No Debt & Equity Information Provided
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