DescriptionValue-add investor or owner-user opportunity: Entire freestanding building with no common walls or roof totaling ±7,510 SF office investment on ±0.23 Acres of General or Professional office off of Shaw Avenue. Offers a portfolio of (6) economical separate APN Condo spaces leased to long-term tenants on Modified Gross lease forms with an average size of 979 SF- 1,691 SF per unit. Value-add opportunity with actual rents of $66,197/year collected plus upside potential with a brand new 2020 interior remodel. After leasing the (1) vacancies (1,569 SF) and extending the lease of suite #105, the realistic 6-12 month stabilized gross annual income is $82,201. Unique investment offering easy-to-rent office units within an under-built market offering a strong need for these type of spaces.The value-add opportunity consists of leasing (2) vacancy of 979 SF and 1,569 SF, addressing the under-market rent for the (4) tenants extending lease length over the next 6-12 months, and charging the customary"pass-through" expenses of Association dues to cover property insurance, all exterior maintenance, common roof, parking lot maintenance (just completed 2019), and all reoccurring water & trash expenses to eliminate these items from the Landlords ledger. #105 of 1,569 SF is a ground floor space with front reception and rear private offices.Clean office spaces with fresh 2020 paint, new flooring, and move-in ready spaces! Excellent Owner/User with Passive Income, or Investment. Each unit has access to high speed Internet, is separately metered, has private restrooms, private entrances, and consists of demising walls (can be combined). Brand new 2019 asphalt slurry coat, HVAC's and roof are less than 10 years old, full exterior lit private parking (100 spaces), excellent existing corner signage, great visibility and easy access to CA-41 and CA-99 on/off ramps.
