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Alpine Multi tenant Value Add

$795,000

2435 Alpine Blvd., Alpine, CA 91901

Active
Last Updated: 09/02/2021

6.63

Cap Rate

52,704

NOI

Details:
Cap Rate:    6.63%
NOI:    $52,704
Building Size:    5,192 sqft
Lot Area:    0.3444 acres
Occupancy:    100%
Class:    C
Units:    2
Year Built:    1960
Highlights:
  • 100% Leased Value Add investment.
  • Great location in Alpine.
  • Property in good condition
  • NNN leases.
  • Low rents give the property a good upside.
  • CUP in place for the Gym for which will make it more valuable for future tenants.
  • Automotive use is in demand and will have value in the future
  • Central Alpine Location
Description:

High CAP. 100% Leased. Low Rents, Low cost per square foot for building. The property has a crossfit tenant in the front unit and a small engine repair facility in the back unit. Back unit has secured parking and 2 grade level roll up doors. Corner location with onsite and street parking plentiful.

Central Alpine location on Alpine Blvd.
Located on the corner of Alpine Blvd. and Ramsey Rd.

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