Great turn-key investment opportunity - 6% CAP RATE! This is for the sale of Suite 100 only. Completely remodeled unit on popular and extremely busy Belmar corner of Alameda and Wadsworth. This unit has been rented to a strong national tenant (Bank tenant) for 20+ years. The entire unit was completely remodeled a few years ago. Lease is a modified NNN set up. Great asset, location, and tenant. Lease extensions in place with recent remodel - Current tenant's plan appears to be to continue the long-term tenancy; especially with the fantastic Belmar location. Close to all major shopping, all major access points, great visibility, signage, a plethora of parking, and a drive-through. HOA or tenant covers all expenses except taxes and insurance.
Property details
Property
Type
Office
MLS type
Commercial Sale
Status
Active
Year built
1973
MLS #
8541881
Utilities
Sewer
Public Sewer
Financial
Annual tax
$32,515
Parcel
445328
Location
County
Jefferson
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