Type of Property: For Sale
Broker: Paley Commercial Real Estate Services
City: Van Nuys
Zipcode: 91405
Description:
BUILDINGS: Two (2) store retail building consisting of approximately 7,000 +/- square feet and 5,000 +/- square feet
LOT SIZE A.P.N. #: 19,998* +/- square feet /2210-031-002
PRICE & TERMS: $1,295,000.00 (Cash or cash to a new loan)
ZONING: LA-C2*
PARKING: In rear of property accessed by driveway off of Saticoy Street
CURRENT USE: Furniture store/vacant
TENANCY: Current furniture tenant pays $5,000.00 per month with a five (5%) percent increase on both June 2010 and June 2011 with the lease ending on 11/30/2011. However, the property owner has the right to cancel the lease by 12/1/2010.
COMMENTS: This sale offers an opportunity to purchase a well located commercial/retail property with tremendous upside potential!!! Only $108.00 per square foot!!!
