4 tenants on 2.06 acres. Great investment property. auto parts store, used car lot, 3 bed apartment unit and machine shop make up this leased investment. 6.75% cap rate. Up-side in renting or developing a vacant portion of the property of +/- .7 acres. formerly leased to a construction company as a yard. The main tenant, auto parts sales has been there for decades. the lease expires in Jan of next year and the tenant has a 5 year option at $4,746 / mo. Great up-side potential here through capital investment and good management
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Data Provided by:
California Regional Multiple Listing Service