Two commercial buildings, Los Angeles, USA

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Two commercial buildings, Los Angeles, USA

2,545,000 $
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Total area: 1,257 m² Yield: 8.0% Built in 1930
  • Absolute return: 184,870 €
  • Percentage of the rented area: 100%
  • End of lease: 2019
  • Street retail

It is a commercial center for sale. It includes two buildings.

Description

Total area is 1,257 m²

The first building area — 788 m²

The second building area — 469 m² It was built in 1990.

Center is completely leased out to several tenants.

Financial performance

Absolute income is 203,600 $.

The current yield of 8%.

Tenants

The first building tenants:

  • auto/stereo installation & accessories store;
  • travel agency;
  • recycling center;
  • dental center.

The dental center just signed a new 5 year lease agreement with 2 additional 5 year options. 

The second building tenants:

  • 3 retail stores;
  • beauty salon;
  • funeral service offfice;
  • supermarket 

The supermarket is on lease agreement expiring in 2019, there is an additional 5 years option. 

Location and nearby objects

The property is situated in quiet area of Los Angeles, close to plenty of restaurants, few shopping centers and petrol stations.

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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
Free advice on real estate in Los Angeles
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