Wednesday, December 17, 2008

Los Angeles Retail Store For Sale $1,595,000



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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