Plaza Dolores Business Center
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.
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