10220 Paramount Blvd, Downey, CA 90241 - Property for Sale
Available For Sale - Retail
7,394 SF
|
Show Pricing $
Download Brochure
AVAILABILITY DETAILS
- Size
- 7,394 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA466502
- Notes
- ASSET PROFILE
EXECUTIVE SUMMARY
3
Address 10220 Paramount Blvd. Downey, CA 90241
Offering Price $4,026,590
NOI (2024) $231,544
Current in Place Cap Rate 5.75%
Lease Term 5 Years (Expires July 1, 2029)
Options to Renew 2-5 Year Options Remaining
Site Area 18,897 SF
Total Building Area 7,394 SF
Occupancy 100% Leased
Number of Stories 1
Year Built 1946 - Highly Improved Interior
INVESTMENT HIGHLIGHTS
• Recently executed 5 year extension with
two remaining 5 year options.
• NNN lease with no CAP on real estate taxes
or insurance costs.
• CPI Annual increases with 2% minimum and
5% maximum
• Seller can assist with interest rate credits for
a qualified Buyer
• Tropicana opened in 1999 and has been a
staple in the Downey community for over 25
years
FINANCIAL SUMMARY
$4,026,800 ±100% Two (2) - Five Year Option June 30, 2029
ASKING PRICE OCCUPANCY LEASE OPTIONS LEASE EXPIRATION
5.75% 7,394 SF CPI ± per year NNN Lease
CAP RATE SQ. FT. ANNUAL INCREASES IN PLACE
- Uses
- Retail
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.
Listing provided courtesy of
Allen Basso, Lee & associates
Allen Basso, Lee & associates
