It is a commercial center for sale. It includes two buildings.
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.
Absolute income is 203,600 $.
The current yield of 8%.
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;
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.