370 W Sierra Madre Blvd | Sierra Madre, CA 91024
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- LoopNet Team
370 W Sierra Madre Blvd
Sierra Madre, CA 91024
Sierra Vista Plaza · Retail Property For Sale
Investment Highlights
- Turnkey NNN investment opportunity offered at an attractive 6% Cap Rate
- Most tenants on annual increase of 3%
- The expansive lot offers plenty of parking (33 spaces) and the potential for future re-development
- Triple net (NNN) & modified triple net leases
- Low maintenance with major capital improvements completed in 2021
- Recent notable improvements include the installation of three new central HVAC units.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
12,491 SF
Building Class
C
Year Built
1966
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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