Listed by Windermere Van Vleet & Associates
$1,175,000
925 N Central Ave.
Details
APN 10389016
Property Type Retail
Sub Type Storefront
Square Footage 10,006
Net Rentable (SqFt) 10,006
Units 1
Cap Rate 7.68%
NOI $90,211
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 3
Lease Expiration 09/30/2028
Remaining Term 2.2
Rent Bumps Yes
Lease Options yes
Pro-Forma Cap Rate 6.85%
Pro-Forma NOI $80,505
Price per SqFt $117
Broker Co-Op Yes
Class B
Year Built 1979
Buildings 1
Stories 2
Acreage 0.440
Zoning C-G
Parking Spaces 15 spaces
Parking per 1,000 SqFt 1.50
Investment Type Net Lease
Lease Commencement 10/01/2025
Ground Lease No
Ownership Surma Frank E Trust
Sale Condition 1031 exchange
Retail | 7.68% CAP | 10,006 SqFt
Marketing description
Great Investment Property. Long-term National Tenant with current Lease to 9/30/28. Lease includes an Option for an additional 3 years. The building has a large open showroom with 7,681 sq.ft., 3 private offices, multiple floor to ceiling windows which provides great street exposure plus 2,325 sq.ft. of storage area. Three roof top gas packs provide heating and air conditioning. Property has off street parking however, the location does not require off street parking. Proforma was prepared with a 3% vacancy factor, 5% management and 3% reserve for repair and maintenance.
Listing Contacts
Listed by Windermere Van Vleet & Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,211.00
$7,517.58/mo
Valuation Metrics
0
DSCR
7.68%
Cap Rate
7.68%
ROI
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