370 W Sierra Madre Blvd | Sierra Madre, CA 91024
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- LoopNet Team
370 W Sierra Madre Blvd
Sierra Madre, CA 91024
Potential Owner-User SBA Financing · Retail Property For Sale
Investment Highlights
- Year 1 CAP RATE of 7.48% / Seller to Credit Buyer $100,000 at the close of escrow. Seller Credit Boosts Year 1 NOI to $381,316!
- Tenant reimbursements cover 100% of all owner expenses including in-place professional property management, and any escalations.
- NNN properties in the immediate area are trading between 3.50%- 4.50% CAP rates. / Ample onsite parking Asphalt-paved parking area of 33+/- spaces.
- Year 1 CASH-ON-CASH return of 7.00% / Attractive ProForma CAP Rate (Year 2) of 5.68% With Leases that feature built-in 3.00% annual rental increases.
- All tenants are absolute NNN, with long term leases and built-in 3.00% annual rental increases. / Large freestanding retail center totaling 12,491 SF
- Potential Owner-User SBA Financing 10% Down ($510,000). Please inquire for full details.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
12,491 SF
Building Class
C
Year Built/Renovated
1966/2022
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.53
Lot Size
0.54 AC
Zoning
SRC1CC-RP* - Commercial
Parking
33 Spaces (3.79 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Metro/Subway
PROPERTY TAXES
| Parcel Number | 5768-021-031 | Improvements Assessment | $1,315,000 |
| Land Assessment | $2,800,000 | Total Assessment | $4,115,000 |
PROPERTY TAXES
Parcel Number
5768-021-031
Land Assessment
$2,800,000
Improvements Assessment
$1,315,000
Total Assessment
$4,115,000
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