Available For Sale - Retail

21,560 SF | Show Pricing $

AVAILABILITY DETAILS

Size
21,560 SF
Price/SF
Show Pricing $
Listing ID
SA397401
Notes
The subject is situated within The Concourse, a class A master planned industrial park built in 1990. The 666,128 SF park consists of 13 buildings with uses that range from office, industrial and retail. The wide varity of permitted uses offers tenants a synergistic traffic mix.



Diamond Family Spa, the current tenant, is a premium Korean style spa and sauna. The business was established in 2006 and has approximately $3M worth of improvements in the 21,560 SF building. The buildouts include: lobby, office, lockers, showers, multiple hot and cold relaxation rooms and an on-site restaurant.



This investment offers a new 5-year sale leaseback at a starting rate of $32,000 monthly + NNN. An investor will obtain an attractive cap rate of 5.9% in a market where the average cap rate is 4.9%.
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
Steve Liu, NAI Capital
BRE# 01323150