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1660 Riverside Dr 9,500 sq ft Office Property Los Angeles, CA 90031 £3,700,917 (£389.57/sq ft) 6.06% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Triple Net leased Investment
- Solid Credit Tenant
- 1031 Exchange
EXECUTIVE SUMMARY
PRICE REDUCED
Triple Net leased investment opportunity, with a solid credit worthy tenant.
Stable cash flow, new 5 year lease term, no renewal rights.
2 story updated modern office space, large lot with excess land for parking, gated private campus with easy freeway access.
Property presents many opportunities; reposition as creative office space, redevelop the property, extend current lease, release at market rates, car and truck storage or Light industrial user needing large lot, etc. Building has never been remeasured, and possible to divide the property and add new structures.
Triple Net leased investment opportunity, with a solid credit worthy tenant.
Stable cash flow, new 5 year lease term, no renewal rights.
2 story updated modern office space, large lot with excess land for parking, gated private campus with easy freeway access.
Property presents many opportunities; reposition as creative office space, redevelop the property, extend current lease, release at market rates, car and truck storage or Light industrial user needing large lot, etc. Building has never been remeasured, and possible to divide the property and add new structures.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Office
Property Subtype
Property Size
9,500 sq ft
Costar Property Class
B
Year Built
1966
Price
£3,700,917
Price per sq ft
£389.57
Yield
6.06%
NOI
£224,298
Tenancy
Single
Number of Floors
2
Typical Floor Size
4,750 sq ft
Plot ratio
0.23
Total Plot Size
0.96 ac
Use Class
C2LA - Neighborhood Business
Parking
83 Spaces (8.73 Spaces per 1,000 sq ft Leased)
AMENITIES
- Fenced Lot
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
- Charter Communication
- -
- -
- £23.61
- N
- May 2030
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
| Charter Communication | - | - | £23.61 | N | May 2030 |
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PROPERTY TAXES
| Parcel Number | 5445-001-037 | Improvements Assessment | £770,239 |
| Land Assessment | £1,792,141 | Total Assessment | £2,562,380 |
PROPERTY TAXES
Parcel Number
5445-001-037
Land Assessment
£1,792,141
Improvements Assessment
£770,239
Total Assessment
£2,562,380
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1660 Riverside Dr
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