Listed by windermere Real Estate
$2,900,000
Gable Building
Details
APN 00593669502902, 00593669500100, 00593669500400, 00593669500500
Property Type Mixed Use
Sub Type Multifamily, Retail
Square Footage 28,494
Net Rentable (SqFt) 26,516
Cap Rate 6.07%
NOI $176,111
Occupancy 90%
Pro-Forma Cap Rate 8.72%
Pro-Forma NOI $252,840
Price per SqFt $102
Class C
Year Built 1896, 1904,1910
Buildings 3
Stories 2
Lot Size (SqFt) 0.48
Parking Spaces 21 spaces
Parking per 1,000 SqFt 0.74
Investment Type Stabilized
Mixed Use in a good location
Marketing description
Introducing Gable Mixed-Use Building - your gateway to prime real estate investment! With 5 retail/office spaces, 40 studio apartments, and over 14,000 SF of office and retail space in a Great location next to Kaiser Permanente and visible from I-5, this opportunity is a golden ticket for savvy investors. Benefit from under-market rents, ample parking, and the convenience of 4 parcels totaling .48 acres. Don't miss out on this lucrative deal to secure your future success in the booming real estate market.
Investment highlights
Building is almost fully occupied. Below market lease rates. Great location for redevelopment
Listing Contacts
Listed by windermere Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$176,111.00
$14,675.92/mo
Valuation Metrics
0
DSCR
6.07%
Cap Rate
6.07%
ROI
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