EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE RETAIL OFFERING · Net Operating Income $64,716 $67,301 Net...

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EXCLUSIVE MULTIFAMILY OFFERING EXCLUSIVE RETAIL OFFERING CALIFORNIA DENTAL GROUP / STAR HOOKAH - GRANADA HILLS, CA 17524 CHATSWORTH ST GRANADA HILLS, CA 91344 OFFERING SUMMARY YEAR 1 YEAR 2 Price $1,499,000 Down Payment All Cash Gross Leasable Area 3,250 Price/SF $461.23 Occupancy 100% Year Built 1959 Lot Size 0.15 acre(s) CAP Rate 4.32% 4.49% Net Operating Income $64,716 $67,301 Net Cash Flow After Debt Service $64,716 $67,301 Total Return 4.32% / $64,716 4.49% / $67,301 INVESTMENT HIGHLIGHTS § Pride of Ownership Asset § Recession Proof Tenants with Strong Commitment to Location § Situated in the Heart of Old Granada Hills § Excellent Sub Market Positioned for Continued Growth EXCLUSIVELY LISTED BY: Jeffrey Myers Senior Associate Tel: (213) 943-1803 License: CA 01490564 [email protected] www.marcusmillichap.com/JeffreyMyers This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0140224 Property ID: 1092682)

Transcript of EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE RETAIL OFFERING · Net Operating Income $64,716 $67,301 Net...

Page 1: EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE RETAIL OFFERING · Net Operating Income $64,716 $67,301 Net Cash Flow After Debt Service $64,716 $67,301 Total Return 4.32% / $64,716 4.49%

EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE RETAIL OFFERING

CALIFORNIA DENTAL GROUP / STAR HOOKAH - GRANADA HILLS, CA17524 CHATSWORTH STGRANADA HILLS, CA 91344

OFFERING SUMMARY

YEAR 1 YEAR 2

Price $1,499,000

Down Payment All Cash

Gross Leasable Area 3,250

Price/SF $461.23

Occupancy 100%

Year Built 1959

Lot Size 0.15 acre(s)

CAP Rate 4.32% 4.49%

Net Operating Income $64,716 $67,301

Net Cash Flow After Debt Service $64,716 $67,301

Total Return 4.32% / $64,716 4.49% / $67,301

INVESTMENT HIGHLIGHTS

§ Pride of Ownership Asset

§ Recession Proof Tenants with Strong Commitment to Location

§ Situated in the Heart of Old Granada Hills

§ Excellent Sub Market Positioned for Continued Growth

EXCLUSIVELY LISTED BY:

Jeffrey MyersSenior AssociateTel: (213) 943-1803License: CA [email protected]/JeffreyMyers

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0140224 Property ID: 1092682)

Page 2: EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE RETAIL OFFERING · Net Operating Income $64,716 $67,301 Net Cash Flow After Debt Service $64,716 $67,301 Total Return 4.32% / $64,716 4.49%

EXCLUSIVE MULTIFAMILY OFFERINGEXCLUSIVE RETAIL OFFERING

101 West Elm Street, Suite 600, Conshocken, PA 19428 | Tel (215) 531-7000 Fax: (215) 531-7010

CALIFORNIA DENTAL GROUP / STAR HOOKAH - GRANADA HILLS, CA17524 CHATSWORTH STGRANADA HILLS, CA 91344

EXPENSES

CAM $4,814 $4,814

Insurance $1,799 $1,799

Real Estate Taxes $18,560 $18,560

Management Fee

Miscellaneous Expenses

Total Expenses $25,173 $25,173

REVENUE

YEAR 1 YEAR 2

Base Rental Revenue $89,888 $92,474

Reimbursement Income

Miscellaneous Income

Potential Gross Revenue $89,888 $92,474

General Vacancy

Effective Gross Revenue $89,888 $92,474

NET OPERATING INCOME

Net Operating Income $64,716 $67,301

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0140224 Property ID: 1092682)