Listed by Lee & Associates - Irvine
$2,250,000
970 W Grand Blvd
Details
Property Type Retail, Office
Sub Type Traditional Office
Square Footage 6,250
Cap Rate 5.44%
NOI $122,400
Price per SqFt $360
Year Built 1988
Buildings 2
Lot Size (SqFt) 22,652
Parking Spaces 4.48 per 1,000 sq ft
Investment Type Owner/User
Retail | 5.44% CAP | 6,250 SqFt
Marketing description
For Sale
Investment highlights
- High Image Two-Story Freestanding Office Building
- Short Term Leases in Place for Investor to Come in and Immediately Boost Rates
- Significant Upside Potential to New Buyers Looking to Upgrade Facilities
- Exceptional Owner/User or Investment Opportunity
- 14 Tenants in Currently in Place
- 12 HVAC Units Servicing Building
- Efficient Layout, Small Suites & Abundance of Natural Light
- Ground Floor Entrance off the Parking Lot
- Building Top Signage Available
- 28 Free Surface Parking (4.48:1,000 SF)
- Close Proximity to Irvine Spectrum Center & Cypress Village Shopping Center
- Situated Next Door to United States Postal Service
- Immediate Access to the 91 & 15 FWYS
- Aggressive SBA (10% Down) & Conventional Lending (15-25% Down) Possible
- Professionally Managed Office Building
Listing Contacts
Listed by Lee & Associates - Irvine
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$122,400.00
$10,200.00/mo
Valuation Metrics
0
DSCR
5.44%
Cap Rate
5.44%
ROI
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