7676-7680 S State (Centennial Plaza)
Industrial | 6.30% CAP | 21,075 SqFt
Marketing description
This investment opportunity features four commercial buildings situated on two parcels, totaling 1.29 acres. Two of the buildings are flex-style structures encompassing 40 individual units, which offer the flexibility to be combined to accommodate current or future tenant expansion needs--an attractive feature for growing businesses. The remaining two buildings include a single-family residence and a fully renovated retail space, now equipped for a restaurant use including a brand new hood, grease trap, restrooms, flooring, lighting, etc. The restaurant building includes a newly executed 5-year lease.
The asset provides immediate in-place cash flow with a current cap rate of approximately 6.3%, with strong upside potential through rent escalations or repositioning strategies.
Investment highlights
Ideal Investment Opportunity
Immediate In-Place Cash Flow with Strong Upside Potential
(4) Commercial Buildings on (2) Parcels Totaling 1.29 Acres
Two Flex-Style Structures Encompassing 40 Individual Units
Fully Renovated Retail/Restaurant Building as well as a Single-Family Residence
Restaurant Building Includes Newly Executed 5-Year Lease
Centrally Located Property with Excellent Access off State Street & Close Proximity to Major Freeways
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