Pasadena Shopping Center For Sale $2,400,000

• Gross Leasable Area: 8,678 SF
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• Price/SF: $276.56
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• Property Type: Shopping Center
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• Property Sub-type: Strip Center
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• Property Use Type: Net Lease Investment with 5 years left on lease
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• Cap Rate: 6.23%
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• Occupancy: 100%
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• No. Stories: 1
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• Tenancy: Multiple
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• Year Built: 1926
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• Lot Size: 8,999 SF

Description

Incredible opportunity to own a small and easy to manage neighborhood center. Prime corner property. Mostly small stores with very affordable rents.

• Actual
• Year 2009
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• Scheduled Gross Income $181,836
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• Operating Expenses $32,182
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• Net Operating Income $149,654

Pasadena Shopping Center For Sale $3,680,000

Property Use Type:	Investment
Type:	Shopping Center Strip Center
GLA:	8,390 SF
Lot Size:	24,289 SF
Occupancy:	100.00%
Price:	$3,680,000
Price/SF:	$438.62
Year Built:	1987
Net Lease Investment:	Yes
Years left on Lease:	3

Property Description:
9 RETAIL UNITS IN HIGH VISIBILITY & GOOD FOOT TRAFFIC AREA, FULLY OCCUPIED . IT OFFERS GREAT FUTURE INCOME POTENTIAL.2 SEPARATE STRUCTURES ON THE LOT.

No Cash Flow Information Provided

Tenancy Type: Multiple

No Debt & Equity Information Provided