Commercial Sale Details
NNN Lease Investment Property on a highly trafficed commercial arterial at a controlled intersection. The Tenant, Big 5, is on a 15-year lease that expires in 2022 with multiple 5-year renewal options thereafter. Currently rent is $27,730 / month NNN (May 2017 thru April of 2022). Site Plan attached to the Lease indicates that the building has 16,611+/- SF but subsequent enclosure of what had been an unenclosed storage dock area makes the building area now 18,413+/- SF. The 29,448 +/- SF lot is irregular (ie. trapezoidal) in shape with 121.3+/- feet of frontage on Fremont Street while having a lot width of 100 feet. Property is zoned C-2. List Price reduced by over $1,000,000 -Seller is motivated and wants to see all offers.
|Price Per SqFt||$250.91|
|Number Of Units||1|
|Number Of Buildings||1|
|Listing Brokerage||Tinetti Realty Group|
|Listing Agent||Steve Tinetti|
|Listing Agent BRE #||00475070|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, January 11, 2018.
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