Listed by Team Lassen
$1,200,000
215 South Wadsworth Blvd Ste 100
Details
Property Type Retail, Office
Sub Type Bank, Traditional Office
Square Footage 6,799
Cap Rate 6.00%
NOI $71,000
Occupancy 100%
Tenancy Single
Lease Type Modified
Rent Bumps Yes
Year Renovated 2018
Zoning M-G-U
Ground Lease No
Sale Condition For sale by owner
Great turn-key investment opportunity - 6% CAP RATE!
Marketing description
This is for the sale of Suite 100 only. Completely remodeled unit onpopular and extremely busy Belmar corner of Alameda and Wadsworth. This unit has been rented to a strong national tenant (Bank tenant) for 20+ years. The entire unit was completely remodeled a few years ago. Lease is a modified NNN set up. Great asset, location, and tenant. Lease extensions in place with recent remodel - Current tenant's plan appears to be to continue the long-term tenancy; especially with the fantastic Belmar location. Close to all major shopping, all major access points, great visibility, signage, a plethora of parking, and a drive-through. HOA or tenant covers all expenses except taxes and insurance.
Investment highlights
- 6% Cap Rate
- Suite 100 only
- Long term tenant in place
- Lease is a modified NNN set up
- HOA or tenant covers all expenses except taxes and insurance
Listing Contacts
Listed by Team Lassen
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$71,000.00
$5,916.67/mo
Valuation Metrics
0
DSCR
5.92%
Cap Rate
5.92%
ROI
Map
Zoning
M-G-U MixedMixed UseMixed Use General Urban
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View all 87 uses Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics
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