$6,212,400 USD
714-814-2088
HIGHLIGHTS
- Attractive upside in potential income with a ProForma CAP Rate of 6.75%. Significant NOI growth through leasing-up the vacant space & as leases roll.
- NNN Leases / Lease LOI pending for the former Boot Barn Unit. This unit features dual entry and front & rear parking.
- Currently property wide rents are averaging just $1.39 PSF/month. Existing rents will be easily replaced or improved as leases roll.
- Current Occupancy of 80%. Neighboring rental comparables illustrate a 85% - 90% occupancy area.
- Priced below replacement cost @ ($200 PSF) / Possible SBA 10% down financing available for well qualified buyers. Please call to inquire.
- Traffic counts exceed 35k cars/day / Ample on-site parking (No parking ownership). Common area maintenance paid to the owners association.
OVERVIEW
HUGE PRICE REDUCTION. MOTIVATED SELLER LOOKING TO RETIRE.
The San Dimas Western Station comprises six individual retail units, totaling 31,062 square feet, and was constructed in 1989 on a 0.63-acre lot. Presently, the property houses various tenants, including Boot Barn, Stubborn Mule Sports Bar, Sushiya Sushi, and an investment firm. Notably, two units, totaling 5,850 square feet, are currently vacant, presenting a favorable opportunity for prospective buyers.
FOR SALE DETAILS
PRICE
$6,212,400 USD
PRICE/SF
$200 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
$1.2 Million Price Reduction
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1989
SPRINKLERS
-
PARKING SPACES
100
LAND DETAILS
LAND ACRES
0.63 AC
LAND SF
27,443 SF
ZONING
CG
APN/PARCEL ID
8386-007-073
ASK ABOUT THIS PROPERTY
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714-814-2088
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714-814-2088
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