Thursday, February 12, 2009

Los Angeles Office Building For Sale $1,875,000





Property Use Type:Investment
Type:Office
Medical Office
Building Size:8,378 SF
Lot Size:10,759 SF
Occupancy:55.00%
Price:$1,875,000
Price/SF:$223.80
Cap Rate:8.00%

Property Description:
This two story newly renovated medical building is located in a high traffic location in Los Angeles, with over 25,000 cars passing by on a daily basis. The units have up to 15 foot high ceilings and designed for multiple medical offices. Please see below for additional information.

Financial Summary Proforma
Year:2009
Scheduled Gross Income:$192,000
Effective Gross Income:$186,720
Operating Expenses:$35,700
Net Operating Income:$151,020

Tenancy Type: Multiple

No Debt & Equity Information Provided

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