CannaMLS ID: 11129
Cannabis Facility for sale in Los Angeles, CA 90049
FULLY LEASED INCOME PROPERTY IN THE HEART OF BRENTWOOD – 12.5% CAP Rate
Created | Updated
Price
$ 2,250,000
* Free standing building to be delivered with premium rental rate tenant paying $23,437.50 per month on a 15-year lease, which amounts to a 12.5% CAP Rate. Incl
- Property
- Licenses
- General
Property
Address: 910 South Barrington Ave
Property is: For sale
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Mixed use
Purchase price: $ 2,250,000
Lot size (acres): 4,577
Building size (sq ft): 4,432
- Property
- Licenses
- General
Property
Address: 910 South Barrington Ave
Property is: For sale
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Mixed use
Purchase price: $ 2,250,000
Lot size (acres): 4,577
Building size (sq ft): 4,432
Description
* Free standing building to be delivered with premium rental rate tenant paying $23,437.50 per month on a 15-year lease, which amounts to a 12.5% CAP Rate. Includes a 33% ownership stake in building. Building Appraised at $5.75m.
* Located on South Barrington Avenue near the corner of San Vicente Boulevard with approximately 33,000 cars passing per day
*Close to the San Diego (405) Freeway and the Santa Monica (1- 10) Freeway. It is in close proximity to Westwood Village, UCLA, Westwood Medical Plaza, The Armand Hammer Museum, Geffen Playhouse, UCLA Center for Performing Arts and the Fowler Museum of Cultural History. The strong retail trade area the property is located within testifies to the strength and viability of this particular location.
*The demographic profile of the surrounding areas gives the underlying real estate a strong intrinsic value. The average annual household income within a 3 mile radius of the subject property is $114,412
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