$3,500,000
$3,500,000
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7,405 Sqft Lot
SOLD DATE : 09/30/2014
Key Details
Sold Price $3,500,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CC336437
Sold Date 09/30/14
HOA Y/N No
Year Built 1958
Lot Size 7,405 Sqft
Property Description
PRIME RETAIL PROPERTY W/ 3 STRONG NNN TENANTS: STARBUCKS, COLDSTONE & SHAKAS. SIGNALIZED CORNER ON MAIN ST AND 1ST. WELL MAINTAINED PROPERTY HAD BEEN EXTENSIVELY REMODELED IN 1997. FEATURES 6,756SF BUILDING PER TAX ASSESSOR ALSO HAS ADDITIONAL 4,000 SF OF BASEMENT NOT INCLUDED. UPSIDE RENT, POTENTIAL TO INCREASE CAP RATE TO 6.14% IN 2018 AFTER SIGNING LEASE EXTENSION. HIGH DEMAND LOCATION WITH LOTS OF FOOT TRAFFIC! GREAT INVESTMENT!
PRIME DOWNTOWN ALHAMBRA LOCATION. SIGNALIZED CORNER OF MAIN AND 1ST STREETS. GREAT VISIBILITY AND HIGH TRAFFIC W/ 29,600 CARS DAILY. ALSO HAS PLENTY OF FOOT TRAFFIC IN THE AREA AS THIS IS THE "GO TO" PLACE FOR DINING AND ENTERTAINMENT. 3 NEW HUGE MIXED-USE DEVELOPMENTS CURRENTLY UNDERWAY ON MAIN WITHIN 4 BLOCKS OF PROPERTY. LOTS OF PARKING WITH THE CONSTRUCTIO. Comments Title: DOWNTOWN ALHAMBRA STARBUCKS BUILDING.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Interior
Fireplace No
Building
Story 1
Others
Tax ID 5337017021
Financing Conventional
Special Listing Condition Standard
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Bought with Steve Hayashi • Coldwell Banker George