$1,370,000
$1,495,000
8.4%For more information regarding the value of a property, please contact us for a free consultation.
0.51 Acres Lot
SOLD DATE : 05/10/2022
Key Details
Sold Price $1,370,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22051689
Sold Date 05/10/22
HOA Y/N No
Year Built 1970
Lot Size 0.514 Acres
Property Sub-Type Retail
Property Description
Excellent LOW RISK Triple Net investment. Current tenant, Discount Tire Centers, has leased property since December 2000. Current lease is $5,980.00 per month, continuing to March 31, 2029. Tenant has option to extend the term of the Lease for a period of five (5) years after current term expires with a Base Rent increase of 15% to $6,877.00. Tenant has never defaulted on rent payments and has kept the property is excellent condition. Tenant does have right of first refusal to purchase.
Location
State CA
County Los Angeles
Area 607 - Azusa
Zoning AZC3
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Sewer Connected
Building
Lot Description Flat
Story 1
Water Public
Others
Tax ID 8621008049
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with NONE NONE None MRML
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