Commercial Sale Details
City of Champions Revitalization - RAM - Charger Territory in Inglewood, CA - Single tenant investment in the heart of Inglewood located on the main street leading to the revitalization project from the 405 freeway. Sale includes 4427 - 73 Century Blvd. (APN's - 4024-032-012, 013 and 014) three parcels with approx. 300 feet of frontage located on a signalized corner of the busiest street leading directly to the new approved Stadium and the massive Inglewood entertainment, office, retail and residential development as well as the Space X projects in Hawthorne. A Long term lease is in place to support the $90,516 annual triple net income with 2% annual cost of living adjustments (at this location for 12 years - 3 yrs remaining - plus two 5 year options) . The property consist of the three parcels with a private gated parking area, a secondary 374 sf bldg with a 1/2 bath and the primary office-showroom-auto repair bldg. with ADA 1/2 bath and access. Single purpose use on one of the busiest streets in LA, close to 405 fwy, LAX, RAMS development, New Hawthorne Mall as well as direct access to the beach communities....solid business security for an established business - Offered at an approximate 5% cap rate with increasing returns starting the first year and every year there after.
(Business is for sale - see MLS
True triple net lease with tenant paying taxes, insurance and general maintenance. Landlord paying for gas to go the bank....
|Price Per SqFt||$332.79|
|Area||102 - South Inglewood|
|Number Of Units||2|
|Number Of Buildings||2|
|Listing Brokerage||RE/MAX Estate Properties|
|Listing Agent||Michael Talbot|
|Listing Agent BRE #||00645363|
Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, August 28, 2018.
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