Alpine Multi tenant Value Add
2435 Alpine Blvd., Alpine, CA
For Sale
Office
Building
$795,000
Price
6.63%
Cap Rate
$52,704
NOI
Overview
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
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.
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