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Recently foreclosed, A rare opportunity to purchase a freestanding building within the San Fernando Mall in prime Downtown location, There is ample street parking along San Fernando Rd as well as free Parking all around. Commercial properties rarely available for sale in this prime location , perfect for owner user or investor , priced for a very quick sale. Current annual income $39,600
Great little multi tenant investment. Mixed use of Retail and industrial. The building is 9,900 sf situated on approximately 10,900 sf of land zoned SFC2. There are five (5) units ranging in size fro 300sf -5,000 sf. The gross annual income is $86,520.00. Expenses are $19,838.41. NOI of $62,355.59. Rent roll available upon request. Good visibility and traffic count on Maclay St.
1438-46 SAN FERNANDO ROAD 1445 CELIS STREET SAN FERNANDO, CA 91340 LOCATION: On San Fernando Road Celis Street & Huntington Street SIZE: 14,441 +/- square foot two story retail/office building on 30,000 +/- square feet of land PARCEL #: 2531-003-009, 028 & 029 TENANCY: See attached tenant summary. Space available for an Owner-User who desires to locate on the premises. PARKING: 20 parking spaces located in rear open parking lot, plus an additional 22 spaces on San Fernando Road & Huntington Street SALES PRICE: $2,500,000 CAP RATE: 7% YEAR BUILT: 1950, 1974 & 1977 TERMS: Cash, cash to a new loan, or terms acceptable to seller. COMMENTS: This well located city of San Fernando property has excellent visibility and is ideal for an Investor or Owner user and has excellent upside with a potential rehab.
Price Reduction - Submit all Offers - Rare LA County, Institutional Quality, Corporate Guaranteed - NNN Investment. 10% Rental Increases for Both Walgreens and Smart & Final. We are pleased to offer to qualified investors the opportunity to purchase a to be renovated, 38,609 square foot freestanding retail building strategically located at the intersection of Glenoaks Blvd. and Hubbard St. in the heart of San Fernando (Los Angeles) that will be 100% occupied by Smart & Final and Walgreens - both of which have recently signed new, long term corporate leases. The work on the soon to be renovated building is slated to commence March 24, 2014, with both tenants projected to open for business between September 1, 2014 and October 30, 2014. Smart N Final has executed a 15 year, corporate guaranteed lease with 4 - 5 Year Options and compounded rental increases of 10% after the first 10 years of term and every 5 years thereafter, including all option periods. Walgreens has executed a 75 year, corporate guaranteed lease with no options and approximately 10% compounded base rental increases every 10 years.
" Free Standing Retail/Office Building " Perfect for Owner User " Renovated Interior " Located Near Central Business District " Will be Delivered Vacant " Good Floorplan
Marcus & Millichap is pleased to exclusively market for sale 101-103 Maclay Avenue and 1113 1st Street in the City of San Fernando. The buildings located at 101-103 Maclay are approximetly 5,200 SF on approximately 5,743 SF of land. 1113 1st Street is a separate parcel of approximately 3,567 SF and is currently being used as a parking lot for the tenants. The total land Square footage is approximately 9,310 SF. This is a excellent opportunity since many of the storefront buildings along Maclay have little to no onsite parking. The current tenants have leases that are significantly below the current market and are short term. The short term nature of the tenancy provides either an investor the opportunity to raise rents to market or provides an excellent opportunity for a owner user. Located at the signalized intersection of Maclay and 1st Street, the building provides great frontage and visibility. In January 2005, the City of San Fernando adopted a specific plan for the beatification and revitalization of the Maclay Corridor. Between the years 2006 to 2009, the City spend significant money implementing the beatification project thus creating positive environment.
Currently this property is operating at a 7% CAP and has an immediate upside potential. The property has two tenants in place with each lease having continued annual increases of 4% and 5% and also having 2 & 5 years respectively remaining on their original leases. This property offers an investor the opportunity for a stabilized cash producing investment with long term redevelopment potential as the continued growth in this area expands into these community retail areas.