Listed by Coldwell Banker Commercial Green & Green
$899,000
5 Tenant Retail Building
Details
APN 102
Property Type Mixed Use
Square Footage 8,874
Net Rentable (SqFt) 8,874
Units 5
Cap Rate 6.2%
NOI $55,768
Occupancy 100%
Tenancy Multi
Lease Type Modified
Lease Options Yes
Price per SqFt $101
Broker Co-Op Yes
Class B
Year Built 1972
Buildings 2
Stories 2
Acreage 0.570
Zoning B-2
Parking Spaces 25 spaces
Parking per 1,000 SqFt 2.82
Investment Type Stabilized
Ownership LLC
8,900 Square Foot Multi-Tenant Retail Building
Marketing description
Leased multi-tenant retail building on North Montana Avenue.
The property is leased to five tenants on modified gross leases,
with a proforma rent roll of $81,744 per year. The multiple inplace tenants provide diversified cash flow and minimize the
impact of any single vacancy. The lease terms range from monthto-month to three years. The property has 25+ asphalt parking
spaces for the 8,900 square feet of building space. The building
has low maintenance brick and metal siding, and little
landscaping to take care of, keeping ownership obligations
simple. Utilities are separately metered. Traffic count of 11,000
vehicles per day. Multiple tenant signage opportunities. Built in
1972 and well maintained.
Investment highlights
Building is 85% leased
Listing Contacts
Listed by Coldwell Banker Commercial Green & Green
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$55,768.00
$4,647.33/mo
Valuation Metrics
0
DSCR
6.2%
Cap Rate
6.2%
ROI
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