Listed by Vela Commercial Real Estate
$480,000
407 W Nolana Avenue
Details
APN N280000000005600
Property Type Office
Sub Type Traditional Office
Square Footage 2,100
Cap Rate 8.50%
Occupancy 100%
Tenancy Multi
Lease Type Gross
Class B
Year Built 1979
Acreage 0.140
Parking Spaces 12 spaces
Parking per 1,000 SqFt 5.71
Fully Occupied Multi Unit Commercial Investment
Marketing description
This commercial offers a unique opportunity for investors looking to secure a property with consistent demand. The affordable price point and attractive amenities make it a sought-after location for professionals and small businesses alike. With a strong CAP Rate and a history of high occupancy, this property represents a very safe and solid investment in the current market environment. Currently selling at a CAP Rate: 8.5% this 12 Individual Offices is Perfect for professionals and small businesses. The common area is a welcoming space for clients and visitors has ceramic tile flooring that adds a touch of elegance throughout the property. Wi-Fi is provided keeping tenants connected without extra costs. Affordable leasing at just $400 monthly it's an attractive option for potential tenants. Strong high occupancy Rate making it a safe investment with a waiting list of tenants. This is a solid investment with a 8.5% CAP Rate, and a IRR of 20% it's a strong choice in today's market.
Listing Contacts
Listed by Vela Commercial Real Estate
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