370 W Sierra Madre Blvd - Storefront FOR SALE
Sierra Madre, CA 91024 |
370 W Sierra Madre Blvd
Sierra Madre, CA 91024
HIGHLIGHTS
- Year 1 CAP RATE of 7.48% / Seller to Credit Buyer $100,000 at the close of escrow. Seller Credit Boosts Year 1 NOI to $381,316!
- Year 1 CASH-ON-CASH return of 7.00% / Attractive ProForma CAP Rate (Year 2) of 5.68% With Leases that feature built-in 3.00% annual rental increases.
- Tenant reimbursements cover 100% of all owner expenses including in-place professional property management, and any escalations.
- All tenants are absolute NNN, with long term leases and built-in 3.00% annual rental increases. / Large freestanding retail center totaling 12,491 SF
- NNN properties in the immediate area are trading between 3.50%- 4.50% CAP rates. / Ample onsite parking Asphalt-paved parking area of 33+/- spaces.
- Potential Owner-User SBA Financing 10% Down ($510,000). Please inquire for full details.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Potential Owner-User SBA Financing
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
12491
STORIES
1
YEAR BUILT
1966
SPRINKLERS
-
PARKING SPACES
33
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5768-021-031
