Listed by Commercial Asset Group, Inc.
$2,850,000
Melrose Retail Building
Details
Property Type Retail
Sub Type Storefront, Commercial
Square Footage 2,400
Units 3
NOI $185,341
Lease Type NNN
Pro-Forma Cap Rate 65.00%
Year Renovated 2014
Buildings 1
Retail | 2,400 SqFt
Marketing description
Melrose Retail Building For Sale
Investment highlights
- 3 retail units on trendy Melrose Ave
- All tenants are seasoned
- Stores are all small, so easy to rent
- Building completed renovations in 2014
- Better than average parking in the rear
- Surrounded by multi-million dollar homes in every direction providing an affluent customer base within close proximity
- Central location for employees and customers
Listing Contacts
Listed by Commercial Asset Group, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$185,341.00
$15,445.08/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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Property History
Tax History
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