Leola Commercial proudly presents the deal of the year! Value Add-check, Fantastic Price-check, Great Location—check! Seller is willing to sell below valued price (based on comps). A savvy investor can make new leases for current tenants and bring them up to market rent. Investor can lease up three vacant units at market rent or it can be ideal for an end user.
Comps support price of $5.3MM . Seller is motivated enough to list at $5M. He bought at $4.875MM. He is open to all offers. ALL CASH price is $4.3MM with a quick close. He bought this with the intention of being an end user, but never moved in his business. He's ready to let this go.
Deal is Retail in amazing location in West Hollywood. 5 units on the corner of Fountain and Hayworth (just east of Crescent Heights Blvd) in between World Famous Sunset Strip (Sunset Blvd) and Santa Monica Blvd. Huge Upside, as three tenants are Month to Month with expired below market rents and two units are vacant.
Time is of the essence to this seller.