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Available For Sale - Retail

9,956 SF | Show Pricing $

AVAILABILITY DETAILS

Size
9,956 SF
Divisible
700–1,800
Price/SF
Show Pricing $
Listing ID
SA456771
Notes
Request Confidential version of Offering Memorandum with Confidential Agreement.



Great investment with a lot of potential due to the varied business types at this property. Estimated current Gross Scheduled Income: $111,876 per year. Minus 10% vacancy factor and minus another 10% expense factor, Net Operating Income is about: $90,619. Which calculates to: 6.04% Capitalization rate. The Pro Forma Gross Scheduled Income is: $129,876 with an estimated Capitalization rate of: 7.02%. Located right next to Stater Brothers which brings in a lot of foot traffic. Property is part of a wing in a shopping center, the other wing is also for sale, along with the stand alone restaurant at the entrance of the parking lot. Seller is motivated. Tenants have been current and appear COVID resilient. There are different types of businesses located at this strip center. Must see and drive by. Confidential offering memorandum can be provided upon a signed NDA. First unit is currently vacant.
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
Fernando Spindola, eXp Realty
BRE# 01745219