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1607 Los Angeles Avenue
- Ventura /
- CA /
- 93004
Sale- Investment
$ 3,200,000
0 SF
Property Summary
- Property Type: Industrial
- Monthly Rent PSF: $ 0.00
- Total Space Available: 0 SF
- Sale Price: $ 3,200,000
- Sale price PSF: $ 208.54
- Construction Status: Existing
- Year Built: 1984
- RBA (Sq. Ft.): 15,345 SF
- Lot Size (Sq. Ft.): 14,960 SF
- Parking Ratio: 25 / 1,000 RSF
- Min. Clearance Ht: 15''
- Stories: 1
Property Highlights
A rare industrial multi-tenant investment or Owner User Property. An in-place Rate Cap of 5.71%. Currently all nine units are occupied by seasoned tenants.
The leases are month-to-month to allow for an Owner User to occupy from 1,320 to 15,345 square feet or for an Investor to bring the investment up to market rents. The current average rent for the property is $1.17 per square foot. Market rates are closer to $1.40 to $1.45 and no CAM fees are being charged.
Available Space
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