Douglas B. Kays Commercial Real Estate
Listed by Douglas B. Kays Commercial Real Estate
$4,750,000
921-927 E Ventura Blvd
Details
Property Type Retail, Office
Sub Type Storefront, Traditional Office
Square Footage 15,000
Cap Rate 5.00%
NOI $239,556
Occupancy 100%
Tenancy Multi
Lease Type Net
Lease Term 10
Remaining Term 2
Rent Bumps Yes
Price per SqFt $317
Acreage 0.810
Zoning C 2PD
Parking Spaces 33 spaces
Parking Per SqFt 2.20
Investment Type Value Add
Ground Lease No
Retail | 5.00% CAP | 15,000 SqFt
Marketing description
Prime Investment opportunity or owner user on a high freeway visible property. The building is currently divided into three suites. 921 is leased for a term of 10 years. 923 is a month-to-month tenancy to the current owner's son and 927 is leased until February 28, 2027 with annual rent increases. There is also a cell tower that pays $3,500 per month. An investor could lease out 923 for additional income or an owner could locate their business in 923 and then expand as their business grows and the other space(s) become available. The sales price is based upon comps and not a cap on rental income because no rent is currently being paid for suite 923.
A Seller Carry-back is possible for quality buyer with at least 30% down; terms to be negotiated.
Investment highlights
- Freeway Frontage
- Freeway signage
- Air Conditioning
- Size: 15,000 sf +/-; Lot 0.81 acre
Listing Contacts
Douglas B. Kays Commercial Real Estate
Listed by Douglas B. Kays Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$239,556.00
$19,963.00/mo
Valuation Metrics
0
DSCR
5.04%
Cap Rate
5.04%
ROI
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