Property Detail

Description

Attention 1031 Residential Income buyers. Welcome to your next step up - small commercial property, and Triple Net leases, where strong credit tenants pay all the bills, returns are guaranteed, and maintenance, repairs and tenant complaints don't exist! 44943 10th St West is a well located 2200 sq ft building with 11 rooms comprising 8 small offices with rents ranging from $600-$1200 per office. Located within the Lancaster Bl. special entertainment district, the building enjoys city clean up squads, bicycle patrols and all the amenities Lancaster Bl has to offer: Shops, restaurants, theatres, museums, outdoor dining all along the Aerospace walk of fame. Cleanliness and security are high priorities for business friendly government. The building tenants include long term leases with LA County-(HSA); METROLink secured contracts for 2 tenants; the sellers (40 year) thriving business and several local licensed small businesses to spread out diversity and risk. The building comes with adequate (12) parking spaces, two zone central HVAC as well as 8-individual climate controlled ''mini-splits'' in each unit to keep conserve resources and keep costs down. All units, as well as both bathrooms, have been updated to modern laminate or tile flooring. One bathroom includes a bonus shower. The building also includes a small common break area. Seller is offering a sale-leaseback scenario. With a 5 year fully guaranteed, absolute triple net lease, the buyer should have years of all costs: Taxes, Insurance, Utilities, Maintenance, Repairs paid, generating a 10% (10 cap) cash on cash return. Buyer will enjoy equity appreciation and no costs or headaches for the foreseeable future. Try getting that from apartment investments! No broken pipes. No tenant disputes. No leaky roof. No surprise repairs. Just enjoy a 10% return while your property increases in value. Hassle free. You're welcome...