Listed by SRS Real Estate Partners Newport Beach
$572,000
Kern Regional Center
Details
APN 001-091-05-00
Property Type Special Purpose
Sub Type Community Center, Regional Center
Square Footage 1,560
Cap Rate 8.26%
NOI $47,240
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 999
Year Built 1954
Buildings 1
Stories 1
Acreage 0.110
Ownership Fee Simple
New 5-year Extension | 3% Annual Rent Increases | 21 Location Government Backed Lease
Marketing description
• Located along Highway 395, a major north–south arterial thoroughfare that carries over 17,000 vehicles per day
• Gateway to Mammoth Mountain and the Eastern Sierra, which attracts nearly 2.8 million visitors each year, with 1.3 million in the winter and 1.5 million in the summer
Investment highlights
New 5-Year Lease | Two 5-Year Options To Extend | Limited Supply
NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
Right Off Hwy 395 (17,000 VPD) | Centralized Location | Gateway to Mammoth Lakes and Eastern Sierras (2.8M Visitors)
Affluent AHHI | Strong Demographics in 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$47,240.00
$3,936.67/mo
Valuation Metrics
0
DSCR
8.26%
Cap Rate
8.26%
ROI
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