Listed by Coldwell Banker Realty Aptos
$3,200,000
Royal Oaks/Pajaro/Watsonville Multi Tenant Property
Details
APN 117-332-015 & 117-332-014
Property Type Industrial, Mixed Use
Sub Type Auto Shop, Restaurant
Square Footage 13,000
Net Rentable (SqFt) 9,903
Units 10
Cap Rate 7.19%
NOI $230,020
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.75%
Pro-Forma NOI $280,000
Price per SqFt $246
Year Built 1945
Lot Size (SqFt) 17,424
Zoning C-1
Investment Type Owner/User
Ceiling Height 20
7 Solid tenants all in service businesses and 3 residential tenants
Investment highlights
new roof, long term solid tenants, rent upside opportunities, high traffic count, mixed use, multi tenant business types, area growth, AMTRAK train depot coming soon
Listing Contacts
Listed by Coldwell Banker Realty Aptos
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$230,020.00
$19,168.33/mo
Valuation Metrics
0
DSCR
7.19%
Cap Rate
7.19%
ROI
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