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33468109
33468106

9966 Dolores Street, Spring Valley, CA 91977

KH
CA 01872460
Top Gun CRE Inc
MD
CA 01964069
Top Gun CRE Inc
Top Gun CRE Inc
Listed by Top Gun CRE Inc
$900,000
7 days on market
Updated 7 days ago

Plaza Dolores Business Center

Details
APN 5012430921-25
Property Type Office
Sub Type Office Condo
Square Footage 2,093
Units 18
Occupancy 100%
Tenancy Multi
Price per SqFt $430
Class B
Year Built 1982
Stories 2
Lot Size (SqFt) 11,816
Zoning Commercial
Parking Spaces 18 spaces
Parking Per SqFt 8.60
Investment Type Owner/User
Sale Condition 1031 exchange

Five contiguous 2nd-floor office condos - Seller Financing Available

Marketing description

SELLER FINANCING AVAILABLE. Top Gun CRE, Inc. is pleased to present a unique portfolio investment opportunity — (5) contiguous 2nd-floor office condos offered for sale individually or as a portfolio. Each unit averages ~419 SF, is currently leased to a business tenant month-to-month, and has been recently upgraded with vinyl flooring or carpet, fresh paint, lighting, and ceiling fans. Each unit includes a wall AC unit and most feature partitioned interior offices plus a reception area.

The units are part of a 19-unit office condo complex with 18 off-street parking spaces. The businesses that operate at the property include engineering, insurance, real estate, construction, and more. HOA dues of ~$65–$75/month per unit cover water, sewer, trash, landscaping, common-area maintenance, and exterior security lighting. Gas and electric are separately metered and paid directly by tenants. Common-area restrooms are located on each floor; building access is via stairwell only (no elevator).

The Seller's preferred exit is a two-party simultaneous 1031 exchange into a 4+ unit multifamily property, but is also open to outright sale — individually or as a portfolio — and will consider seller financing at 5–5.5% interest on a 10-year term.

Investment highlights

  • (5) contiguous 2nd-floor office condos offered individually or as a portfolio.
  • Seller financing available: 5-5.5% interest, 10-year term.
  • Each units is currently rented at ~$500/month to a month-month business tenant.
  • HOA dues ~$65-$75/month and include water, sewer, trash, common-area maintenance, landscaping/janitorial, and security lighting.
  • Ample off-street parking in common-area lot.
  • Desirable, Casa De Oro location near various retail, dining, and with easy freeway access.

Listing Contacts

KH
CA 01872460
Top Gun CRE Inc
MD
CA 01964069
Top Gun CRE Inc
Top Gun CRE Inc
Listed by Top Gun CRE Inc

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Additional Information

Name
Kenneth Herskind
License
01872460
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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