Listed by Pearson Property Management
$3,995,000
Vermont 5 Parcels
Details
Property Type Land, Office
Sub Type Medical Office
Square Footage 14,906
Net Rentable (SqFt) 14,906
Cap Rate 6.76%
NOI $270,000
Occupancy 100%
Pro-Forma Cap Rate 9.01%
Pro-Forma NOI $360,000
Price per SqFt $268
Buildings 3
Lot Size (SqFt) 23,887
Investment Type Redevelopment
5 Lots - TOC Tier 4 - Existing Income
Marketing description
Rare opportunity to purchase a prime signalized corner adjacent to a major Street and Freeway. Located at the Northeast corner of Vermont and the 105 freeway. There are 5 lots including 3 buildings and 2 parking lots included in this sale. Prime redevelopment opportunity, this corner is rated Tier 4 in the City of LA TOC Program. Enjoy the existing income while you work on your plans and permits or just keep this property with the existing income.
Listing Contacts
Listed by Pearson Property Management
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$270,000.00
$22,500.00/mo
Valuation Metrics
0
DSCR
6.76%
Cap Rate
6.76%
ROI
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