((NNN! CAP 7.4+! 100% Leased thru 2024)) . Rare opportunity for investors to acquire a high yield Coastal California Investment. The property features an approximate 19,099 square foot commercial building (plus an additional approx. 422 square foot grandfathered mezzanine) on a 2.15 acre land parcel with 125 plus parking spaces. Property is located on a busy corner at a signalized intersection. Minimal management required - building is fully leased until 8/31/2024 with 3% annual rent increases to two seasoned tenants with strong, stable income streams and NNN lease structures. The tenants invested a substantial sum of money into their tenant improvements and have a successful operating history at the building.
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Listing Courtesy ofBailey Properties