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Michoacana Ice Cream-Wow Falafel-Sitty Smoke 8056 California City Blvd 4,937 SF Retail Building California City, CA 93505 $894,978 CAD ($181.28 CAD/SF) 5.72% Cap Rate
EXECUTIVE SUMMARY
Prime investment opportunity. This NNN leased retail showroom encompassing 3-businesses in the open air Aspen Mall with below market rents is leased to a single tenant. The current tenant is a general contractor and is responsible for maintaining the building including the Roof, HVAC, Plumbing, Electrical and all other building systems including the structure. No Landlord Responsibilities. Tenant is responsible for paying all of the property expenses including the property taxes, insurance and the Aspen Mall parking lot maintenance which is performed by Cal City Public Works and is assessed in the property tax bill.
Below Replacement Cost / Low PPSF
Call/Text Dan Khatchaturian (213) 400-5399
Below Replacement Cost / Low PPSF
Call/Text Dan Khatchaturian (213) 400-5399
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,937 SF
Building Class
B
Year Built
1970
Price
$894,978 CAD
Price Per SF
$181.28 CAD
Cap Rate
5.72%
NOI
$51,220 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
C-1
Parking
18 Spaces (3.65 Spaces per 1,000 SF Leased)
Frontage
64’ on California City
PROPERTY TAXES
| Parcel Number | 203-090-04-00-8 | Improvements Assessment | $365,393 CAD |
| Land Assessment | $56,214 CAD | Total Assessment | $421,607 CAD |
PROPERTY TAXES
Parcel Number
203-090-04-00-8
Land Assessment
$56,214 CAD
Improvements Assessment
$365,393 CAD
Total Assessment
$421,607 CAD
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Michoacana Ice Cream-Wow Falafel-Sitty Smoke | 8056 California City Blvd
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