Property Detail

Description

6.18 % Cap Rate - $284,481 NOI - Long-term Tenants - Stable and Professional Tenant Base Multi-Tenant Office Building with Low Landlord Responsibility and over 6% cap rate. First time on the market - rare opportunity to acquire the largest contiguous ownership in the El Central Plaza. The El Central Plaza is a professional business park with prominent access from Central Avenue near the CA-60 freeway. The property offers 19 units generating high rental income with well-structured leases for each tenant, including annual rent escalations. Easy to lease - the office sizes range from 400 to 2,000 s.f. ideal for any big or small business; most offices have water access and restrooms inside the units, a high parking ratio and zoning helps to accommodate a wide variety of Tenant uses. Plus, there is an elevator to access the second floor, making the second floor just as convenient to rent out. Easy to manage - all Tenants maintain their suites, and most common areas are maintained by the El Central Plaza association including the trash and parking lot upkeep. Well-structured and easy-to-follow leases also help reduce management burden.