Listed by First Commercial Real Estate
$495,000
3-unit Strip For Sale
Details
APN 0149B 034
Property Type Retail
Sub Type Storefront
Square Footage 4,000
Net Rentable (SqFt) 4,000
Units 3
Cap Rate 7.27%
NOI $36,000
Occupancy 100%
Tenancy Multi
Lease Type Modified
Remaining Term 2
Pro-Forma Cap Rate 7.27%
Pro-Forma NOI $36,000
Price per SqFt $124
Broker Co-Op Yes
Class B
Year Built 2006
Buildings 1
Acreage 0.893
Zoning C-H
Parking Spaces 20 spaces
Parking Per SqFt 5.00
4,000 sf, 3-unit strip, 7.3% Cap, 100% leased, $495,000 price
Marketing description
Rare offering: 100% leased, 4000-sf, 3-unit strip commercial income property, affordable price point. Unit A/B, 2000 sf, leased $1995/mo.; Unit C, 1000 sf, leased $1000/mo.; Unit D, 1000 sf, leased $1000/mo. Zoned C-H. Inside city, water & sewer at site. Strategic location on Inner Perimeter, a busy, popular 4-lane divided major corridor. 15,000 vehicles per day traffic count and growing as City continues its water & sewer installation nearby. Lots of new growth in this area including new U-Haul Moving & Storage Center coming soon. $3995/mo rent = $47,940/yr gross, less 25% OpEx = $36,000/yr NOI $495,000 list price = 7.3% cap rate at list price.
Listing Contacts
Listed by First Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,000.00
$3,000.00/mo
Valuation Metrics
0
DSCR
7.27%
Cap Rate
7.27%
ROI
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