Listed by Ian Black Real Estate LLC
$5,300,000
Berlin Patten Building
Details
APN 0428150008
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 15,274
Cap Rate 6.51%
NOI $345,048
Occupancy 100%
Tenancy Multi
Price per SqFt $347
Class A
Year Built 1990
Year Renovated 2023
Buildings 1
Stories 2
Lot Size (SqFt) 76,137
Zoning OPI
Investment Type Core
15K SF Office Building For Sale
Marketing description
Introducing an exceptional opportunity for office building investors. This prime property offers a 15,274 SF building with 3 tenants, meticulously renovated in 2023 and currently enjoying full occupancy. Boasting a strategic location in the Venice area and zoned OPI, the property presents a secure investment with significant potential. Built in 1990, the building combines modern functionality with enduring quality, making it an attractive prospect for those seeking a stable and lucrative investment in the thriving office market. This is a rare chance to acquire a fully occupied, well-maintained property in a sought-after location with strong rental demand and promising future returns.
Listing Contacts
Listed by Ian Black Real Estate LLC
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
$345,048.05
$28,754.00/mo
Valuation Metrics
0
DSCR
6.51%
Cap Rate
6.51%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Is there information that looks off?
