20401 Avalon Boulevard
Carson, CA 90746
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1978 build
- – on site
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Built in 1978 this property is an ideal investment, owner/user, or redevelopment opportunity and is located directly off the 405 freeway with easy access from the Avalon Boulevard exit. The subject property consists of a 5,382 SF office building, currently subdivided into 3 units, and is located on a large 20,138 SF lot zoned CACR&D*.This offering presents the investor an opportunity to acquire an asset with an in-place cash-flow of 4.89% with the upside potential to achieve a 6.32% pro forma CAP rate when market rents are achieved. The property is currently 100% occupied with one short term lease expiring 6/30/2021 (1,660 SF), one month-to-month lease (2,350 SF) and one tenant who just exercised their five year option to extend. This presents an owner/user the ability to occupy over 50% of the building immediately. The landlord will have minimal operating expenses as the current tenants pay approximately $0.43 per SF monthly in CAM reimbursement.
Listed By CRMLS_CA / Neema Ahadian / Marcus & Millichap
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Last updated May 5, 2023
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MLS# 20597164 —
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/29/20
Dec 29, 2020
|
Sold | CRMLS_CA | $2,425,000 | -3.0% |
11/3/20
Nov 3, 2020
|
Sold Subject To Contingencies | CRMLS_CA | $2,500,000 | |
6/29/20
Jun 29, 2020
|
Listed / Active | CRMLS_CA | $2,500,000 |