3663 Highland Ave - Storefront FOR SALE


Highland, CA 92346- Crossroads
$1,995,000 USD
310-433-2739
3663 Highland Ave, Highland, CA for Sale
$1,995,000 USD
Storefront - FOR SALE
1/13
null | Request Cap Rate

3663 Highland Ave
Highland, CA 92346
Crossroads


HIGHLIGHTS

  • 15,000 sf Vacant Junior Box - only $133/sf!!! Significantly below replacement cost
  • Projected 9.3% cap rate upon stabilization
  • Can be purchased with adjacent 4,320 sf building (total 19,320 sf)
  • Signalized intersection and many ingress/egress for easy access
  • Rare main-on-main grocery anchored retail center in Highland neighborhood

OVERVIEW

3663 Highland Ave. is a 15,000 square foot vacant junior box currently configured for a single occupant. Previously the space was split up into two separate units and can easily be divisible into two separate units again if a buyer desires to do so. Priced to sell at only $133/sf which is significantly below replacement cost. It can also be acquired with the adjacent parcel located at 3667 Highland Ave., which has a 4,320 square foot vacant building on it currently configured into 2 separate spaces measuring 1,800 and 2,520 respectively (19,320 SF total). This property is ideal for an owner-user or an investor who can generate an above-market 9.3% cap rate upon "stabilization". Contact agent for more info or any questions.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

15,000 SF Vacant Junior Box

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Highland Ave. Palm

LAND ACRES

0.72 AC

LAND SF

31,496 SF

ZONING

-

APN/PARCEL ID

1200-011-07

ASK ABOUT THIS PROPERTY

Ardy IshalBRC Advisors - BH, Inc.More Info
310-433-2739

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Ardy IshalBRC Advisors - BH, Inc.More Info
310-433-2739

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