8515 La Cienega Blvd, Inglewood, CA 90301
Inglewood, CA$4,250,000
Property Description
INVESTMENT HIGHLIGHTS
- Commercial/Retail Space Zoned MU-2A on a Signalized Hard Corner
- Tenant – State Van Rentals | $14,688/Mo NNN w/ 2.5% Annual Increases | 3.5 Years Remaining on the Lease
- Highly Accessible Location | Located Right off of the 405 and Just South of Manchester Boulevard
- Lot Size: 22,240 SF | Building Size: 12,400 SF | 24 Parking Spaces
- 4.15% CAP | 6.2% Market CAP
EXECUTIVE SUMMARY
Commercial/Retail Space Zoned MU-2A for sale on an appx. 22,240 SF corner lot in Inglewood. The property is appx. 12,400 SF. There is currently a NNN lease in place with State Van Rental that has (3.5) years remaining at $14,688K/Mo w/ 2.5% annual increases. The lease rate for this is $1.15/SF and the market rent is $1.75/SF – making this a 6.1% Market CAP. Easy Access to LAX and the 405.
Property Features
- Sale Price: $4,250,000
- Land Area: 22,240 SF
- Year Built: 1959
- Listing Date: 3/20/2024
