1511 N Long Beach Boulevard
Commercial Sale Details
The Subject Property is a 2-tenant automotive use property, measuring approximately 5,567 square feet in size and is situated on nearly 16,330 square feet of land. The property is located adjacent to a self service car wash and has been run as an automotive property for several years.
While the property is fully occupied, the tenants are enjoying under market rents averaging $0.66 cents on average. Estimating a market rent of $1.25/SF gross rents the market cap rate is increased to over 6.5% cap rate. Whether an owner user or investor, this property is well situated to experience future growth and upside.
|Price Per SqFt||$99.64|
|Area||RN - Compton N of Rosecrans, E of Central|
|Listing Brokerage||Keller Williams R. E. Services|
|Listing Agent||Krikor Garabedian|
|Listing Agent BRE #||01216376|
Based on information from California Regional Multiple Listing Service, Inc. as of Monday, April 30, 2018.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.
Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
Information from sources other than the Listing Agent may have been included in the MLS data.
Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources.
The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.