Available For Sale - Retail

15,697 SF

AVAILABILITY DETAILS

Size
15,697 SF
Price/SF
N/A - Contact for Info
Listing ID
SA497755
Notes
Lee & Associates is pleased to present a value-add opportunity to acquire two, 100% leased, multi-tenant retail buildings totaling approximately 15,697 SF and adjacent ± 1.1 acres of vacant developable land zoned Community Commercial (C-1). The C-1 zoning is flexible and allows for an array of uses that provide a higher potential for future developments and generate more cash flow.​ The asset is 100% leased to 7 diverse mix of service tenants offering investors the change to own a proven investment asset as well as an opportunity to significantly increase future cash flow by raising rents and restructuring the short-term gross leases to a net lease structure. The property is situated on a busy Sierra Avenue with over traffic count of over 40,000 cars per day with extensive exposure from Kaiser Permanente Hospital and nearby national/regional retailers including El Super, CVS Pharmacy, In-N-Out Burger, Stater Bros Markets, Starbucks, Dollar Tree, Rite Aid, Del Taco, WaBa Grill and more. ​







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BUILDING

Property Type: Retail

Building SF: 15,697

Retail SF: 15,697

Primary Use: Retail

Construction Status: Existing

Year Built: 1979

Construction Type: F/S
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
Nick Wirick, Lee & Associates