Strip center in Los Angeles

4,465,000 $
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Total area: 1,187 m² Yield: 5.6%
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Features
  • Absolute return: 226,112 €
  • Land area: 3,110 m²
  • 1-floor building
  • Percentage of the rented area: 100%
  • Total rooms: 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 and nearby objects

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

Public transportation are within the walking distance.

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Supermarkets
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Schools
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Cafe and restaurants
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Hospitals
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Airports
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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    • Bank financing from 3% annually
    • Construction site audits
    • Management company services