Investment Property, 10 Year Triple Net Lease, Good Tenant

Investment Property, 10 Year Triple Net Lease, Good Tenant - $3,300,000 (Santa Fe Springs)

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Posted by: LACRE | View all ads
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Price:$3,300,000
Address:13168 Sandoval St, Santa Fe Springs, CA 90670 (map)
Date Posted:05/01/13
Size (sq ft):17174
Description:
Single Tenant NNN Investment, 10 year term, where tenant pays all taxes and maintenance costs. 8% Cap Rate. Class "A" industrial "food production facility". Large yard with 58,761 SF of land - 79 parking spaces. 2nd driveway to Shoemaker Ave.

Built in 2005, modern concrete tilt-up construction, 24' clear. Significant cold storage and food processing improvements: freezer, coolers, floor drains, hoods, kitchen, stoves, grease interceptor, / clarifier, sewer dishcharge rights. Built to USDA specifications which is the gold standard in the food manufacturing industry. This building would generate strong tenant/user demand if placed on the market.

Currently seafood and sushi processing operation. The company has occupied the facility since its construction in 2005 and plans to use the sale proceeds for busines expansion into new product lines and grocery stores. Sale lease-back on AIR NNN Lease form, with an option to extend. Great commercial investment upleg property for 1031 tax deferred exchange.

Central Southern California location. Business friendly industrial city of Santa Fe Springs. Near 5 and 605 freeways.

Ad ID: 23360917

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Investment Property, 10 Year Triple Net Lease, Good Tenant - $3,300,000 (Santa Fe Springs)