Description
Listing broker is the Managing Partner of the LLC that owns this property. GREAT INVESTMENT OPPORTUNITY! 7% net CAP RATE IS OFFERED in this deal. Please do not disturb tenant. APPOINTMENT REQUIRED IN ORDER TO SEE THE PROPERTY. BUYER IS ADVICE TO DO THEIR OWN DILIGENCE! Prime location, minutes to all major retailer and less than 500 feet from the main commercial road. In the hearth of the SAN CASA BUSINESS DISTRICT. This property brings a $68,400 NET INCOME (NNN lease) every year. Tenant is responsable for all expenses: maintenance, taxes and insurance. Tenant is very committed to the property since he runs a multi millions $ business from this location with heavy equipment. Corner building has frontage on two sides. Property has great signage. The property is composed of: - a large metal frame building with a shop for maintaining two high profile vehicles (RV, commercial trucks) and an office space that has been renovated December 2022. Some improvements have been made recently on the building (2022): replacement of one door shop and light roof renovations. - An half acre fenced land. The land has been improved in 2022 with crush concrete all around. A couple of bonus to create additional opportunities or extra income in the future: -there is a dump station on the property for RVs grey water -the previous tenant was licensed as a propane wholeseller. Propane tank has been removed but installation and connection are still on site to be back in business. -A heavy duty two post lift and a commercial compressor convey with the sale of the property Tenant has a 30 day first right of refusal should the seller receive a acceptable contract.
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0BEDS
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0.83ACRES
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0BATHS
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01/2 BATHS
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2,652SQFT
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$373$/SQFT
School Ratings & Info
Description
Listing broker is the Managing Partner of the LLC that owns this property. GREAT INVESTMENT OPPORTUNITY! 7% net CAP RATE IS OFFERED in this deal. Please do not disturb tenant. APPOINTMENT REQUIRED IN ORDER TO SEE THE PROPERTY. BUYER IS ADVICE TO DO THEIR OWN DILIGENCE! Prime location, minutes to all major retailer and less than 500 feet from the main commercial road. In the hearth of the SAN CASA BUSINESS DISTRICT. This property brings a $68,400 NET INCOME (NNN lease) every year. Tenant is responsable for all expenses: maintenance, taxes and insurance. Tenant is very committed to the property since he runs a multi millions $ business from this location with heavy equipment. Corner building has frontage on two sides. Property has great signage. The property is composed of: - a large metal frame building with a shop for maintaining two high profile vehicles (RV, commercial trucks) and an office space that has been renovated December 2022. Some improvements have been made recently on the building (2022): replacement of one door shop and light roof renovations. - An half acre fenced land. The land has been improved in 2022 with crush concrete all around. A couple of bonus to create additional opportunities or extra income in the future: -there is a dump station on the property for RVs grey water -the previous tenant was licensed as a propane wholeseller. Propane tank has been removed but installation and connection are still on site to be back in business. -A heavy duty two post lift and a commercial compressor convey with the sale of the property Tenant has a 30 day first right of refusal should the seller receive a acceptable contract.
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