1965 Potrero Grande Dr - Service FOR SALE


Monterey Park, CA 91755
$7,500,000 USD
213-272-5695
1965 Potrero Grande Dr, Monterey Park, CA for Sale
$7,500,000 USD
Service - FOR SALE
1/11
null | 6.1% Cap Rate

1965 Potrero Grande Dr
Monterey Park, CA 91755


OVERVIEW

One Stop Financial Consulting, Inc. is pleased to offer the rare opportunity to acquire a 30,025-square-foot multi-tenant Retail/Industrial investment building. In its current configuration, the property has 14 units, occupied by 7 tenants. Built-in 1990, this is a unique retail investment/owner-user opportunity in the surrounding area near Monterey Park. There are currently 7 tenants, with the owner occupying around 15,300 SF (Units L, M, and N), representing 51% of the building. This is Ideal owner-user space for a furniture store, service/maintenance center, home improvement-related businesses, and other retail stores with big warehouse/showroom space. The buyer may obtain SBA /504 financing by occupying Units L, M, and N or buying the building as an investment property with an upside potential rental income. The subject property is on a 1.63-acre lot in Monterey Park with 85 parking spaces and an ideal location for multi-unit apartments or senior housing projects.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Freestanding, Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.63

LAND SF

71,003

ZONING

C-S

APN/PARCEL ID

5276-022-022

ASK ABOUT THIS PROPERTY

Andy ParkOne Stop Financial Consulting, Inc.More Info
213-272-5695

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Andy ParkOne Stop Financial Consulting, Inc.More Info
213-272-5695

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.