Available For Sale - Retail

2,009 SF | Show Pricing $

AVAILABILITY DETAILS

Size
2,009 SF
Price/SF
Show Pricing $
Listing ID
SA435544
Notes
Cap Rate 6.01%

NOI $141,140

Building Size 2,009 sqft

Lot Area 0.64 acres

Year Built 2009

Tenancy Multiple



DESCRIPTION

Strong Investment Fundamentals:

-Secure credit tenancy

-Recently constructed, Best in Class Asset with high quality design and construction

-Conservative in-place rents average just $1.86 PSF

-Internet resistant tenancy



Strong Location In Rapidly Growing Trade Area:

-Highway 79 is a major thoroughfare and heavily traveled corridor

-Freeway adjacent with access to the I-10 less than ΒΌ mile away

-Booming trade area; Beaumont is the 2nd fastest growing city in CA, with an explosive population growth of 38% in the past 10 years



Low Management Hassle:

-Easy to manage two-tenant property

-Newer construction; no significant deferred maintenance

-NNN leases allow pass though of property related expenses



Ideal 1031 Replacement Property:

-Offered free and clear of existing debt; financing available at historically low rates

-Available for quick close to accommodate 1031 exchange timelines
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
Matt Burnett, Hanley Investment Group