2472-2476 Lake Ave - Office FOR SALE
Altadena, CA 91001 |
2472-2476 Lake Ave
Altadena, CA 91001
HIGHLIGHTS
- Competitive Offering Actual CAP Rate of 4.00%. / ProForma CAP Rate of 6.64% at market rents. (The ProForma CAP Rate is Based on Leasing Vacant Space)
- SBA Financing May be Available for Well Qualified Buyers. / Ideal For Owner-User. A+ Location for Doctors, Dentists, Lawyers, & LA area professionals
- The Property Was Extensively Renovated by current owner. True Pride Of Ownership, Absolute Turn Key, Financeable Asset. Recent Capital Improvements.
- Lease Comprables Average $3.25 Per Sq. Ft. Currently the Asset is Averaging $1.80 per Sq. Ft. HIGH occupancy location. Ideal for medical/office suites
- Below Market Rents Potential For 20+% Increase In Potential Rental Income / Lake Avenue frontage / Onsite Parking / Sqft of Suites Estimated
- Prime AAA Location With Direct Access to Many Regional Thoroughfares. The Property Also Has Abundant Public Transportation Access.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
8897
STORIES
3
BUILDING CLASS
C
YEAR BUILT
1927
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.1 AC AC
LAND SF
4,356 SF
ZONING
-
APN/PARCEL ID
5845-003-001
