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1660 Riverside Dr 9,500 SF Office Building Los Angeles, CA 90031 $6,909,804 CAD ($727.35 CAD/SF) 6.06% Cap Rate
INVESTMENT HIGHLIGHTS
- Triple Net leased Investment
- Solid Credit Tenant
- 1031 Exchange
EXECUTIVE SUMMARY
PRICE REDUCED
Triple Net leased investment opportunity, with a solid credit worthy tenant.
Stable cash flow, new 5 year lease term, no renewal rights.
2 story updated modern office space, large lot with excess land for parking, gated private campus with easy freeway access.
Property presents many opportunities; reposition as creative office space, redevelop the property, extend current lease, release at market rates, car and truck storage or Light industrial user needing large lot, etc. Building has never been remeasured, and possible to divide the property and add new structures.
Triple Net leased investment opportunity, with a solid credit worthy tenant.
Stable cash flow, new 5 year lease term, no renewal rights.
2 story updated modern office space, large lot with excess land for parking, gated private campus with easy freeway access.
Property presents many opportunities; reposition as creative office space, redevelop the property, extend current lease, release at market rates, car and truck storage or Light industrial user needing large lot, etc. Building has never been remeasured, and possible to divide the property and add new structures.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Office
Property Subtype
Building Size
9,500 SF
Building Class
A
Year Built/Renovated
1966/2018
Price
$6,909,804 CAD
Price Per SF
$727.35 CAD
Cap Rate
6.06%
NOI
$418,776 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,750 SF
Building FAR
0.23
Lot Size
0.96 AC
Zoning
C2LA - Neighborhood Business
Parking
83 Spaces (8.73 Spaces per 1,000 SF Leased)
AMENITIES
- Fenced Lot
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Charter Communication
- -
- -
- $44.08 CAD
- Single Net
- May 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Charter Communication | - | - | $44.08 CAD | Single Net | May 2030 |
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PROPERTY TAXES
| Parcel Number | 5445-001-037 | Improvements Assessment | $1,446,730 CAD |
| Land Assessment | $3,366,155 CAD | Total Assessment | $4,812,886 CAD |
PROPERTY TAXES
Parcel Number
5445-001-037
Land Assessment
$3,366,155 CAD
Improvements Assessment
$1,446,730 CAD
Total Assessment
$4,812,886 CAD
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1660 Riverside Dr
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