Listed by Capacity Commercial Group
$6,400,000
Tuck Lung Building
Details
Property Type Retail, Office
Sub Type Storefront, Creative Office
Square Footage 33,692
Units 5
Cap Rate 6.22%
NOI $397,828
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 8.50%
Pro-Forma NOI $540,000
Price per SqFt $190
Class B
Buildings 1
Stories 2
Acreage 0.300
Zoning CX
Investment Type Owner/User
FOR SALE | ±33,692 SF Significant Old Town Chinatown Building Opportunity
Marketing description
Owner/User or Investment • In-place Income
Building Size: ±33,692 SF
Lot Size: ±0.3 Acres (±13,000 SF)
Partial Owner/User or Lease Space: ±6,295 SF
Zoning: Central Commercial (CX)
FAR: 6:1
Height Limit: 100'
Sale Price: $6,400,000 ($190 psf)
Actual NOI @ 76% Leased: $397,828
Actual CAP @ 76% Leased: 6.22%
Proforma NOI: $540,000
Proforma CAP: 8.50%
Investment highlights
Great Owner/User Opportunity with In-Place Income
Property Has Had Extensive Renovations, Including A New Roof
Second Floor Is Entirely Leased To National Credit Tenant
Old Town Chinatown Has Long Been A Creative and Vibrant Community of Makers and Doers
Cultural Hub for the City's Asian American Community, with a Particular Focus on Chinese Heritage
Listing Contacts
Listed by Capacity Commercial Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$397,828.00
$33,152.33/mo
Valuation Metrics
0
DSCR
6.22%
Cap Rate
6.22%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Brokerage Address
Is there information that looks off?
