Alhambra, CA 91801,Address not disclosed

$3,500,000

$3,500,000

Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Tommy Thai • Coldwell Banker George
Bought with Steve Hayashi • Coldwell Banker George
agent-avatar

+1(559) 593-3088

miguelsanchez@tsret.com

7475 N Palm Ave STE 105, Fresno, CA, 93711

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