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22211-22223 S Avalon Blvd 7,740 SF 100% Leased Retail Building Carson, CA 90745 $3,592,933 CAD ($464.20 CAD/SF) 5.78% Cap Rate
Executive Summary
22211–22223 S. Avalon Boulevard offers investors the opportunity to
acquire a fully occupied, multi-tenant neighborhood retail property along an
established commercial corridor in Carson, California. The approximately
7,740-square-foot building is situated on approximately 13,068 square feet
of land and is leased to five service, medical and community-oriented uses.
The property is 100% occupied, with all five tenants operating under Triple
Net (NNN) leases and each lease providing contractual rental increases. The
tenant mix consists of a Barber, Dance Studio, Church, Salon and Dentist.
These service-oriented uses depend upon customers, patients, students
or congregants physically visiting the premises, providing a differentiated
income profile from merchandise-oriented retail.
Based on current property operations and normalized operating expenses,
the property is projected to generate approximately $150,000 of forward
annual Net Operating Income. The offering combines current cash flow,
built-in rent growth, staggered lease expirations and meaningful underlying
commercial land.
acquire a fully occupied, multi-tenant neighborhood retail property along an
established commercial corridor in Carson, California. The approximately
7,740-square-foot building is situated on approximately 13,068 square feet
of land and is leased to five service, medical and community-oriented uses.
The property is 100% occupied, with all five tenants operating under Triple
Net (NNN) leases and each lease providing contractual rental increases. The
tenant mix consists of a Barber, Dance Studio, Church, Salon and Dentist.
These service-oriented uses depend upon customers, patients, students
or congregants physically visiting the premises, providing a differentiated
income profile from merchandise-oriented retail.
Based on current property operations and normalized operating expenses,
the property is projected to generate approximately $150,000 of forward
annual Net Operating Income. The offering combines current cash flow,
built-in rent growth, staggered lease expirations and meaningful underlying
commercial land.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,740 SF
Building Class
C
Year Built
1960
Price
$3,592,933 CAD
Price Per SF
$464.20 CAD
Cap Rate
5.78%
NOI
$207,684 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.60
Lot Size
0.30 AC
Zoning
CACN&D - Commercial Automotive, Commercial Neighborhood & Design Overlay
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7335-013-013 | Improvements Assessment | $83,521 CAD |
| Land Assessment | $119,759 CAD | Total Assessment | $203,280 CAD |
Property Taxes
Parcel Number
7335-013-013
Land Assessment
$119,759 CAD
Improvements Assessment
$83,521 CAD
Total Assessment
$203,280 CAD
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22211-22223 S Avalon Blvd
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