Listed by Tranzon Asset Strategies
$4,850,000
Auction - Fully Leased Neighborhood Strip Center
Details
APN 09404024
Property Type Retail
Square Footage 15,314
Units 7
Occupancy 100%
Tenancy Multi
Lease Type NN
Year Built 2008
Acreage 80288.000
Zoning CG
Ground Lease No
Prime, High-Traffic Corner Location
Marketing description
List Price is Opening Bid. The high bidder will be charged a 6% Buyer’s Premium. A 10% total deposit must be made within 24 hours of the auction closing. The escrow will close within 35 days. The buyer is responsible for title insurance premiums and their own escrow costs. All taxes will be prorated to close of escrow. The property is sold as-is with no contingencies. For complete terms of sale, please go to www.tranzon.com/TAS2607.
Investment highlights
- Prime hard corner at signalized intersection of West Lane and Hammer Lane
- Direct adjacency to Costco, Floor & Décor and other national retailers
- Neighborhood center anchored by Walgreens
- Fully leased with long-term tenants
- $539,165.00 Gross scheduled income
- Net Leases
- Intersection delivers approx. 65,000 combined vehicle trips per day
- Excellent visibility and access
- 15,314sf Total SF on 1.84-acre parcel
- Built in 2008
- Online Bidding Closes July 7th
Listing Contacts
Listed by Tranzon Asset Strategies
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