22211-22219 Avalon Blvd - Storefront FOR SALE


Carson, CA 90745
$2,595,000 USD
949-500-8684
22211-22219 Avalon Blvd, Carson, CA for Sale
$2,595,000 USD
Storefront - FOR SALE
1/10
null | 5.78% Cap Rate

22211-22219 Avalon Blvd
Carson, CA 90745


OVERVIEW

22211–22223 S. Avalon Boulevard offers investors the opportunity to acquire a fully occupied, multi-tenant neighborhood retail property along an established commercial corridor in Carson, California. The approximately 7,740-square-foot building is situated on approximately 12,932 square feet of land and is leased to five service, medical and community-oriented uses. The property is 100% occupied, with all five tenants operating under Triple Net (NNN) leases and each lease providing contractual rental increases. The tenant mix consists of a Barber, Dance Studio, Church, Salon and Dentist. These service-oriented uses depend upon customers, patients, students or congregants physically visiting the premises, providing a differentiated income profile from merchandise-oriented retail. Based on current property operations and normalized operating expenses, the property is projected to generate approximately $150,000 of forward annual Net Operating Income. The offering combines current cash flow, built-in rent growth, staggered lease expirations and meaningful underlying commercial land.

FOR SALE DETAILS

PRICE

$2,595,000 USD

PRICE/SF

$335 USD /SF

CAP RATE

5.78%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

NWC Avalon @ 223

LAND ACRES

0.3 AC

LAND SF

12,932 SF

ZONING

CACN&D*

APN/PARCEL ID

7335-013-013

ASK ABOUT THIS PROPERTY

Greg BlakeColdwell Banker RealtyMore Info
949-500-8684

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Greg BlakeColdwell Banker RealtyMore Info
949-500-8684

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.