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MULTI-TENANT RETAIL BUILDING FOR SALE
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
1900 Wright Place, Suite 200 Carlsbad, CA 92008 P: 760-929-9700 F: 760-929-9977 www.lee-associates.com
Nicholas Cosenza760.448.1366
[email protected] Lic#: 01994032
INVESTMENT OPPORTUNITY
7033-7039Linda Vista RoadS A N D I E G O , C A
Linda Vista Rd
4,500 SF MULTI-TENANT RETAIL BUILDING FOR SALE
Investment Opportunity | Property Highlights
S
PROPERTY HIGHLIGHTS
• Approx. 4,500 SF building in the heart of Linda Vista
• Building has four (4) tenants
• Approx. 4,500 SF building divided into four (4) separate suites
• 100% leased investment
• SALE PRICE: $1,450,000
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
1900 Wright Place, Suite 200 Carlsbad, CA 92008 P: 760-929-9700 F: 760-929-9977 www.lee-associates.com
7033-7039Linda Vista RoadS A N D I E G O , C A
Nicholas Cosenza760.448.1366
[email protected] Lic#: 01994032
Genesee Ave
Fulton StUlric St
Linda Vist
a Rd
Investment Opportunity | Property Highlights
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
1900 Wright Place, Suite 200 Carlsbad, CA 92008 P: 760-929-9700 F: 760-929-9977 www.lee-associates.com
INVESTMENT HIGHLIGHTS
RENT ROLL
Ria’s Quality Wash (Coin Laundry)7033 Linda Vista Rd. April 1, 2016 - Fed 28, 2026 119 M 2,150 $1.55
$3,325.00May 2019
1.5% Previous Year Gross 2 x 5 Year
Matty’s Taylor Shop (Alterations)7035 Linda Vista Rd.
August 1, 2018 - July 31, 2023 60 M 615 $1.87
$1,150.00November 2019
$50/Year NNN None
Threading by Rana (Woman’s Beauty Salon & Spa)7037 Linda Vista Rd.
October 1, 2014 - July 31, 2019 57 M 720 $2.15
$1,550.00August 2019
$50/Year NNN 1 x 5 Year
All Stars Hair Cuts (Men’s Barber Shop)7039 Linda Vista Rd.
October 1, 2014 - July 31, 2019 57 M 780 $1.99
$1,550.00August 2019
$50/Year NNN 1 x 5 Year
4,500 SF MULTI-TENANT RETAIL BUILDING FOR SALE7033-7039Linda Vista RoadS A N D I E G O , C A
EXPENSESApprox. New Property Taxes (Yr.) -$14,500.00
Insurance -$1,976.00
Maintenance/Management Fee (3%) -$2,727.00
(+) Billed back Reimbursements (approx. 47%) $9,025.41
Total -$10,178.00
Net Income $80,722.41
At 5.5% Capitalization Rate $1,467,680.18
INCOME
(Gross) $7,575.00 Monthly
$90,900.00 Yearly
* Trash is reimbursed back from Tenants* Water billed to Coin Laundry, then dispersed to each tenant’s fair share from submeter (40% to Ramon, 45% to Rana, 15% to Matty’s) *Electricity is separately metered
*Owner or Agent make no warranties on square footage, Buyer to verify.
Investment Opportunity | Site Plan
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
1900 Wright Place, Suite 200 Carlsbad, CA 92008 P: 760-929-9700 F: 760-929-9977 www.lee-associates.com
Linda Vist
a RoadNicholas Cosenza
DRE Lic#: 01994032
4,500 SF MULTI-TENANT RETAIL BUILDING FOR SALE7033-7039Linda Vista RoadS A N D I E G O , C A
7033
7035
7037
7039
Investment Opportunity | About the Area
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
1900 Wright Place, Suite 200 Carlsbad, CA 92008 P: 760-929-9700 F: 760-929-9977 www.lee-associates.com
Av. HH Income1 Mile: $78,096 3 Mile: $99,776 5 Mile: $97,614
$$
Nicholas Cosenza760.448.1366
[email protected] Lic#: 01994032
4,500 SF MULTI-TENANT RETAIL BUILDING FOR SALE7033-7039Linda Vista RoadS A N D I E G O , C A
Population1 Mile: 24,5633 Mile: 169,403 5 Mile: 450,697
Genesee Ave
MISSION VALLEY
LINDA VISTA
CLAIREMONT MESA
Mesa CollegeKearny MesaHigh School
Linda VistaElementary School
Sharp MemorialHospital & Rady
Children’s Hospital
Linda Vista Recreation Center
Ulric St
Lind
a Vi
sta
Rd
Mission Center Rd
Employees1 Mile: 5,5463 Mile: 156,7265 Mile: 377,171
7033-7039 Linda Vista RdFletcher
Elementary School
WestfieldMission Valley
