Wednesday, January 28, 2009

Los Angeles Retail Store For Sale $1,090,000

Property Use Type:Investment
Type:Retail
Vehicle Related
Building Size:8,940 SF
Lot Size:9,016 SF
Occupancy:100.00%
Price:$1,090,000
Price/SF:$121.92
Cap Rate:7.90%
Year Built:1935

Property Description:
Huge price reduction. Owners are very much motivated to sell. Large commercial building in heart of Korea Town. It's investor's opportunity. Rent increases by CPI. Currently doing Auto Body shop business. Please do not disturb tenant.

Rare Investment Opportunity

Rent increase by CPI

Large building

NN Lease (Prop. tax and Insurance), but not charged to the tenant.

Financial Summary Actual
Year:2009
Scheduled Gross Income:$85,896
Effective Gross Income:$85,896
Net Operating Income:$85,896

Major Tenant Information

Tenancy Type: Single
Classic Collision Auto Body
SF Occupied: 8,940
Lease Expires: 5/1/2013

No Debt & Equity Information Provided

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