Commercial Sale Details
High cap rate of 8%! 100% occupied. Only $139/sq.ft.$139/sf is below cost to build. Great net income. Actual income of $290,340. Net income: $219,188. Low expense: $71,152. Market Rent at $343,002. Current rents are below market. Great upside potential with extremely stable tenant base. Market Rent is $343,002. Market CAP is 9.92%. Easy access to 105, 91, 110, and 710 freeways. Major cross streets are: Long Beach Blvd. and Rosecrans. 1.8 miles to St. Francis Medical Center. 0.4 miles to Walmart Superstore on Long Beach Blvd. Building is 20,311 sq. ft. 34,492 sq. ft. lot per seller (buyer to verify with city). Plenty of parking (48 spaces). Drive by only. Do not disturb tenants.
|Price Per SqFt||$134.90|
|Area||RN - Compton N of Rosecrans, E of Central|
|Number Of Units||14|
|Number Of Buildings||3|
|Listing Brokerage||RE/MAX 1000 Realty|
|Listing Agent||Benjamin Lin|
|Listing Agent BRE #||01383988|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, September 13, 2018.
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