8300 Florence Ave - Medical FOR SALE


Downey, CA 90240
$3,500,000 USD
213-225-7237
8300 Florence Ave, Downey, CA for Sale
$3,500,000 USD
Medical - FOR SALE
1/23
null | Request Cap Rate

8300 Florence Ave
Downey, CA 90240


OVERVIEW

8300 Florence is a 6,126 square foot building located at the signalized intersection of Florence Avenue and Downey Avenue in Downey, CA. Florence Avenue is the main business oriented street in the City of Downey, stretching between Lakewood Blvd to the east and Paramount Blvd to the west. The zoning on Florence Avenue allows for Office and Professional services, including Medical Office. 8300 Florence is split into three suites, with two of the suites currently tenanted on a MTM basis (with tenants paying a triple net lease). The remaining approximate 1,200 square foot space is currently vacant, and has generated interest from the market to be leased. 8300 Florence is currently in a flexible situation, where the entire building could be leased providing for a stabilized investment, or have an immediate value addition in tenanting the entire building at market rates, or even having the ability to facilitate an owner-user to take over the space. There is immediate ability to take over 51% of the building, which would allow for SBA financing. Please contact myself or your trusted professional more more information.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$571 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

8300 Florence Avenue

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

CP, Downey

APN/PARCEL ID

6252-013-024

ASK ABOUT THIS PROPERTY

Phillip TaggartKidder MathewsMore Info
213-225-7237

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Phillip TaggartKidder MathewsMore Info
213-225-7237

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