Listed by RUBICON Concierge Real Estate, Colliers - Los Angeles - Downtown, California
$4,010,948
601 Pine Avenue
Details
Property Type Office, Retail
Sub Type Pharmacy/Drug
Square Footage 24,878
Cap Rate 5.80%
NOI $232,635
Office | 5.80% CAP | 24,878 SqFt
Marketing description
The property offers a dingle tenant leased investment for an investor desirous of an asset with limited landlord responsibilities. Ride Aid has leased the entire property for decades and did not reject the lease during their bankruptcy process and, in fact, extended lease. Now having emerged from bankruptcy, Rite Aid is much stronger from a financial standpoint.
Listing Contacts
Listed by RUBICON Concierge Real Estate, Colliers - Los Angeles - Downtown, California
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
$232,635.00
$19,386.25/mo
Valuation Metrics
0
DSCR
5.8%
Cap Rate
5.8%
ROI
Map
Zoning
PD-30 PlannedPlanned Development Downtown Shoreline
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 2 uses
View all 2 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
