Property Highlights

  • Prime Location: Situated in a rapidly growing area with nearby housing developments driving foot traffic
  • Income-Generating Asset: 35,013 SF, 95.14% leased with 21 diverse tenants ensuring stable income
  • Upside Potential: Current rents 25% below market, offering opportunity to increase NOI
  • Efficient Design: Shallow tenant suites support high occupancy and minimize CapEx
  • Long-Term Tenants: 60.81% of the space leased for 10+ years, highlighting tenant stability
  • NNN Leases: Diverse tenant mix with staggered expirations reduces rollover risk.
  • Affluent Market: Located in a high-income, densely populated coastal area with limited competition


Sale Price:

$12,000,000

Rentable Building Area:

35,013 SF

Price Per SF:

$342.73

Cap Rate:

Contact Broker

Type:

Retail

Status:

In Escrow

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