Available For Sale - Retail

3,214 SF | Show Pricing $

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LISTED BY

Michael Glickstein
Pacific Coast Commercial, 619-469-3600

AVAILABILITY DETAILS

Size
3,214 SF
Price/SF
Show Pricing $
Listing ID
SA549578
Notes
PROPERTY FEATURES

BUILDING SIZE 3,214 SF (patio area not included)

LAND 0.11 Acres (4,792 SF)

Areas SQ FT Breakdown

1st Floor: 1,721 SF

2nd Floor: 1,215 SF

External Cooler: 278 SF

Patio Area: 887 SF

PROPERTY TYPE ully Fixturized Restaurant / Bar

Tenancy 100% Occupied

STORIES 2 stories

YEAR BUILT 1920 (renov. 2015)

PARKING ±10 Compact Spaces

PARCEL 452-282-03

ZONING CC-3-9

SIGNAGE Available

FRONTAGE 52 ft. on Fifth Avenue



Financial Projections

SALE PRICE $ 2,750,000

SIZE 3,214 SF

RENT $7,715.50: NNN

ANNUAL RENT $ 92,586.

CAP RATE 3.14%

PRICE PSF $ 856 Structure / $ 574 Land Only

LEASE TERM Initial: 5-Years, (1) 5-Year Option, 5% Annual Increases

TENANCY Single Tenant NNN, 100% Occupied
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
Michael Glickstein, Pacific Coast Commercial