Listed by CENTURY 21 Zaloom Realty
$4,900,000
2550/2560 Richmond Terrace
Details
APN 01150-37/41
Property Type Business for Sale, Office
Sub Type Business Only, Traditional Office
Square Footage 15,142
NOI $216,000
Year Built 1931
Buildings 2
Acreage 0.520
Zoning M3-1
Business for Sale | 15,142 SqFt
Marketing description
Incredible opportunity for an investor to own 2 massive lots totaling 22,550 square feet, right on Richmond Terrace in the heart of Elm Park. The land is currently occupied by a pair of auto body shops, and is being rented out by Caliber Collisions for 15,500 per month -- as well as a smaller unit, which is occupied by Bones Auto Body, and goes for 3000 per month. Caliber Collisions occupies 3 units between both buildings and is currently 3 years into a 10 year long true, triple net lease. This lease includes a 5 per cent increase every 5 years as well as two 5 year options to renew with the same terms. Total rent roll for the building is 18,500. Both 2550 & 2560 Richmond Terrace are on separate lots but are being sold together.
All inquiries and showings thru listing agents.
Listing Contacts
Listed by CENTURY 21 Zaloom Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$216,000.00
$18,000.00/mo
Valuation Metrics
0
DSCR
4.41%
Cap Rate
4.41%
ROI
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