Listed by Real Estate Source Inc
$2,950,000
Arden Way Professional Village, for sale/lease
Details
APN 279-0251-007
Property Type Hospitality, Office
Sub Type Executive Office, Medical Office
Square Footage 12,800
Net Rentable (SqFt) 12,800
Units 4
Cap Rate 6.94%
NOI $204,682
Occupancy 100%
Lease Type Gross
Price per SqFt $230
Broker Co-Op Yes
Class C
Buildings 1
Stories 1
Acreage 1.160
Zoning BP
Parking Spaces 8 per unit
Ground Lease No
Office/retail at current CAP rate of 6.5%
Marketing description
Owner financing is a good possibility with 15%-20% down payment! Current CAP rate (with 800 and 1000 SF available for lease)
Excellent location! The property is located at the signalized intersection Arden Way & Professional Drive, across from the Safeway supermarket, Orchard Supply Hardware, and Dollar Store shopping center. Property benefits from reciprocal retail traffic provided by the neighboring shopping center and the Professional Drive medical corridor as well as the nearby strong retail trade areas of Watt Ave and Arden Way.
Investment highlights
For lease with planty parking spaces :
1- 1,000 sqft, at 3301 Arden Way, with large open space, 2 offices, break room and restroom
2- 800 sqft, with a waiting room, 2 offices, and restroom
Listing Contacts
Listed by Real Estate Source Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$204,682.00
$17,056.83/mo
Valuation Metrics
0
DSCR
6.94%
Cap Rate
6.94%
ROI
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