Listed by NAI Pfefferle
$5,435,000
1519 & 1521 Metro Dr (aka 1699 Schofield Ave.)
Details
APN 281-2808-182-1077
Property Type Retail
Sub Type Shopping Center
Square Footage 41,221
Cap Rate 7.35%
Occupancy 70%
Tenancy Multi
Lease Type Modified
Price per SqFt $132
Year Built 1995
Year Renovated 2015-2020
Buildings 4
Built in 1995 with continued renovations, this property has over a $325k NOI with over 5 prime acres
Marketing description
Property Features
• Prime corner lot
• In busiest section of Schofield
• Pro Forma cap rate is over 11% when leased to full occupancy
Details
Great mix of long-term tenants including, Charter Media, Haven Transport, Little Caesar’s, and the D.C. Everest School District. The center also has vacant suites available in a variety of versatile sizes making it a fantastic investment opportunity with solid upside potential.
Listing Contacts
Listed by NAI Pfefferle
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