$4,725,000
$4,895,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
0.47 Acres Lot
SOLD DATE : 08/12/2024
Key Details
Sold Price $4,725,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24099140
Sold Date 08/12/24
HOA Y/N No
Year Built 1967
Lot Size 0.470 Acres
Lot Dimensions Assessor
Property Description
***5.89% CAP Rate with $288,088 Year 1 NOI ***NEW 10-YEAR Absolute Triple Net Lease***
Extraordinary investment opportunity in a thriving educational institution that has been operating and serving the community for over 25 years. All Seasons Children's Learning Center is a private, independent, preschool and kindergarten. The school offers a distinctive, fully-integrated ADVANCED curricula that balances an academic program with all the principal elements of development and growth. The school currently holds a WAIT LIST of 300+ students.
The site consists of a freestanding ±5,771 SF retail building, on a ±20,851 SF lot. A NEW 10-Year NNN Lease will commence at COE with a $288,088 Year-1 NOI (5.89% CAP RATE) and two Five-Year options to renew.
Recent improvements consist of roof replacement.
Location
State CA
County Los Angeles
Area 605 - Arcadia
Zoning ARC2D
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence Brick
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Phone Connected, Water Available, Water Connected
Present Use Commercial
Total Parking Spaces 9
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 5787024003
Security Features Security System,Security Gate,Security Lights
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Dorine Tuan • CBD INVESTMENT INC.