Sea Fan Plaza

Asking Price: $2,195,000

Zoning: B-1 (Business)

Building SF: 9,385 ($234/sf)

Acres | Land SF: 0.18 | 7,840 ($45/sf)

Units | Tenants: 10 | 10 (100% occupancy)

Year Built: 1973

Year Renovated: 1981

Average Lease Rate: $18.00

Gross Income: $162,121

Expenses: $58,437

NOI: $103,684

Cap Rate: 4.72%

downloads —

 

 

A-Z Plaza

Asking Price: $5,200,000

Zoning: MU-W (Mixed Use - West)

Building SF: 31,888 ($163/sf)

Acres | Land SF: 2.87 | 125,017 ($42/sf)

Units | Tenants: 16 | 14 (100% occupancy)

Year Built: 1982

Year Renovated: 1982

Average Lease Rate: $16.52

CAM: $5.55/sf

Gross Income: $511,517

Expenses: $100,465

NOI: $411,052

Cap Rate: 7.9%

downloads —

OM
 

 

Sunny Plaza

Asking Price: $7,100,000

Zoning: Commercial

Building SF: 33,558 ($212/sf)

Acres | Land SF: 3.44 | 149,846 ($47/sf)

Tenants: 24 (89.11% occupancy)

Year Built: 1986 & 2002

Year Renovated: 2015

Gross Income: $710,518

Expenses: $200,564

NOI: $509,954

Cap Rate: 7.18%

loan to be assumed

Down Payment: $1,911,320

Loan Amount: $5,188,680

Interest Rate: 4.79%

Annual Debt Service: $326,294

Loan to Value: 73%

Notes: 4.79% fixed through maturity of 4/6/2027, 30 yr amortization, 0.5% assumption fee, no recourse. Loan is with Deutsche Bank and serviced by Midland Loan Services.

downloads —