Available For Sale - Retail

6,866 SF | Show Pricing $

LISTED BY

Jared Ennis
Central CA Commercial, 559-705-1000

AVAILABILITY DETAILS

Size
6,866 SF
Price/SF
Show Pricing $
Listing ID
SA521702
Notes
100% leased investment opportunity: Freestanding building totaling ±6,866 SF on ±0.4 Acres (±17,424 SF) of office or retail space off Blackstone Ave. Offers (9) economical separate spaces each with a private restroom leased to long-term tenants at a modified gross lease rate. (2) suites feature brand new HVAC's. Cash cow with in-place rents of $75,600/year collected plus upside potential. All tenants pay the scheduled base rent plus the actual cost of all customary "pass-through" expenses such as Trash, Water, and Electrical to eliminate these items from the Landlords ledger.



After realizing the scheduled annual increases (3%/ year) and extending leases to the market rate of $1.40/SF/month for the smaller units, the realistic 6-12 month gross annual income is scheduled to be $94,584 (25% upside). Unique investment offering easy-to-rent small office spaces in a under-built market offering a strong need for these type of spaces. The deal offers a 9.87% cash-on-cash return when leveraged with 30% down, producing a 2.01 DCR!



Unique flexibility offering configurations ranging from ±375-1,200 SF with the ability to combine spaces to create larger units via existing connecting doors between the units. Access to high speed Internet, separate meters, private ADA restrooms, full exterior lit private parking lot, excellent existing signage, great visibility & easy access to CA-41 ramps.
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
Jared Ennis, Central CA Commercial
BRE# 01945284