241 S Citrus Ave - Auto Dealership FOR SALE


Covina, CA 91723
$2,450,000 USD
714-240-0410
241 S Citrus Ave, Covina, CA for Sale
$2,450,000 USD
Auto Dealership - FOR SALE
1/6
null | 5.1% Cap Rate

241 S Citrus Ave
Covina, CA 91723


HIGHLIGHTS

  • Long-term 12-Year NNN lease
  • National Tenant
  • Hard Corner

OVERVIEW

Approx. 4,500 sf building on a hard corner in the city of Covina, CA 1. Excellent 1031 Exchange Opportunity. 2. Recently signed a 12-year lease with A National Tenant. 3. Annual increases 3% 4. Tenant is in the process of extensive interior improvements to meet their operational needs 5. Additionally, Tenant occupies the 3 adjacent properties, showing their commitment to the site NO NOT DISTURB TENANT - SHOWN BY APPOINTMENT ONLY

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$544 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

R&D, Freestanding, Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

CVTCC*

APN/PARCEL ID

8444-008-032

ASK ABOUT THIS PROPERTY

Steve VettelOnPoint Commercial, LLCMore Info
714-240-0410

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Steve VettelOnPoint Commercial, LLCMore Info
714-240-0410

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