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$4,599,000 Sale
Listed 46 days ago
12598 Central
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Key Facts
Key facts for 12598 Central
Property Type
Commercial
Parking
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MLS #
IV26197304
Size
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Basement
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Listed on
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Lot size
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Tax
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Days on Market
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Year Built
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Maintenance Fee
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Description
6.18 % Cap Rate - $284,481 NOI - Long-term Tenants - Stable and Professional Tenant Base Multi-Tenant Office Building with Low Landlord Responsibility and over 6% cap rate. First time on the market - rare opportunity to acquire the largest contiguous ownership in the El Central Plaza. The El Cent...ral Plaza is a professional business park with prominent access from Central Avenue near the CA-60 freeway. The property offers 19 units generating high rental income with well-structured leases for each tenant, including annual rent escalations. Easy to lease - the office sizes range from 400 to 2,000 s.f. ideal for any big or small business; most offices have water access and restrooms inside the units, a high parking ratio and zoning helps to accommodate a wide variety of Tenant uses. Plus, there is an elevator to access the second floor, making the second floor just as convenient to rent out. Easy to manage - all Tenants maintain their suites, and most common areas are maintained by the El Central Plaza association including the trash and parking lot upkeep. Well-structured and easy-to-follow leases also help reduce management burden., Directions:Located on Central Avenue, cross street is Walnut Avenue.
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Listing courtesy of: Acreage Real Estate