566 Paraiso Ave.

    Spring Valley, CA 91977
    • $1,280,000
    • STATUS: PENDING
    • ON SITE: 94 days
    • ID#: 180032645
    Pending
    UPDATED: 65 min ago
    $1,280,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,000
      SQFT
    • $213
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1979
    County:

    School Ratings & Info

    Description

    Wonderful opportunity to acquire this high yield retail building; Multiple tenancy consisting of Four retail and service tenants and a food business in a 6,000 SF rentable space on a 17,860 sf lot that offers plenty of parking for customers, high visibility location, right on Jamacha Blvd, just a few blocks from Hwy 54, in the busiest area of Spring Valley. The property is delivered 100% leased, with stable and long-term tenants and annual rental increases. Property is located less than a mile away from San Diego freeways, and it is surrounded by a densely populated area.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc.
    www.themarellygroup.com/homes/84695887

    566 Paraiso Ave. Spring Valley, CA 91977

    • Price: $1,280,000
    • Status: PENDING
    • Updated: 65 min ago
    • ID#: 180032645
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    6,000
    SQFT
    $213
    $/SQFT
    1979
    Built
    Neighborhood:
    Spring Valley (91977)
    County:
    San Diego
    Area:
    Spring Valley (91977)
    Property Description
    Wonderful opportunity to acquire this high yield retail building; Multiple tenancy consisting of Four retail and service tenants and a food business in a 6,000 SF rentable space on a 17,860 sf lot that offers plenty of parking for customers, high visibility location, right on Jamacha Blvd, just a few blocks from Hwy 54, in the busiest area of Spring Valley. The property is delivered 100% leased, with stable and long-term tenants and annual rental increases. Property is located less than a mile away from San Diego freeways, and it is surrounded by a densely populated area.
    Exterior Features

    Construction Stucco Lot Dimensions Approx 148X122 Neighboring Business Type1 High Traffic Commercial Area Parking Free Form 20 Parking Ratio 4

    Interior Features

    Common Restrooms 0 Estimated Square Feet 6000 Floors Slab Minimum Sq Ft Available 6000 Restrooms 5 Sq Ft Of Improvement 6000 Sq Ft Per Floor1 6000 Stories 1 Story Unit Size1 1200 Unit Size2 1200 Unit Size3 1200 Unit Size4 1200 Unit Size5 1200

    Property Features

    1st Loan Assumable 0 2nd Loan Assumable 0 Actual Cap Rate 6.18 Actual Gross Scheduled Income 114240 Actual Ins Fl Expense 3000 Actual Operating Expense 18800 Actual Taxes Expense 11582 Actual Water Sewer Expense 3600 Assumable Finance 0 Building Amenities Single StoryAmple Parking High Visibility. Buildings 1 Commercial Property Type Retail Lease Common Area Maintenance 0 Effective Age 28 Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Lease Expires4 09/01/2021 Mandatory Remarks None Known Market Area East County Minimum Lease Terms1 5 Year Minimum Lease Terms2 5 Year Minimum Lease Terms3 5 Year Minimum Lease Terms4 5 Year Minimum Lease Terms5 5 Year Monthly Rent Total 9520 Monthly Rent1 1890 Monthly Rent2 1780 Monthly Rent3 1350 Monthly Rent4 2500 Monthly Rent5 2000 Motive Want Cash Out Occupancy Percent 100 Present Loan 1100000 Projected Cap Rate 6.2 Projected Cash Flow 7542 Projected Fl Ins Expense 3000 Projected Gas And Electric 1200 Projected Gross Multiplier 150 Projected Gross Operating Inc 115440 Projected Gross Scheduled Inc 115440 Projected Net Income 90515 Projected Operating Expense 18800 Projected Taxes Expense 16390 Projected Total Expense 24190 Projected Water And Sewer Expense 3600 Property Type Retail Sale Includes BuildingLandLeases Short Sale No Terms CashSubmit Unit Number1 State Unit Number2 Rush Unit Number3 Latin Unit Number4 Rafas Unit Number5 A&H Zoning Retail

    Listing provided courtesy of Century 21 Award. Listing information © 2018 San Diego MLS, Inc.
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc.
     
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