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Strip center in Los Angeles with a 5,6% yield

4,190,000 €
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Total area: 1,187 m² Yield: 5.6%
  • Absolute return: 226,112 €
  • Land area: 3,110 m²
  • 1-floor building
  • Renter: 100%
  • Total premises: 10

It is a strip center for sale in North-Western part of Los Angeles.

Description

The total area of a single-storey building is 1,187 m².

The plot of 3,110 m².

The property is divided into 10 separate premises.

The building is in good condition, it features new HVAC, roof, plumbing and painting.

There is also a parking.

All areas are leased out to various tenants.

Financial performance

Absolute income is 254,054 $.

The current yield of 5,6%.

Tenants

The tenants are various retailers.

All agreements are NNN-type, which frees the owner from operating and insurance costs.

Location

The property is situated in the retail corridor near residential area.

Public transportation are within the walking distance.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in Los Angeles
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