$4,400,000
$4,475,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
0.8 Acres Lot
SOLD DATE : 06/02/2020
Key Details
Sold Price $4,400,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV20003714
Sold Date 06/02/20
HOA Y/N No
Year Built 1959
Lot Size 0.800 Acres
Property Description
The Wright Associated Companies is pleased to offer this NNN leased investment with a CAP rate of 6.1% for 2020 plus annual escalations. This is a 34,934 square foot premier corner lot with a beautiful 10,166 square foot fully occupied mixed use retail building, stand alone ATM Kiosk, garden area, covered grill, outdoor patio areas and a 53 space parking lot, all located adjacent to the University of La Verne at the gateway to the city's Old Town. There is a possibility for additional development at this site, established in the heart of downtown La Verne, the D Street Square connects La Verne's agricultural roots with a vibrant and centrally located mixed-use building. The D Street Square is a lively destination space offering restaurant, retail, and executive office space. Paying tribute to La Verne's rich history in the citrus growing and packing industry, the building's exterior showcases an iconic brick architecture while the rustic interior explores the line between elegant open space design and a vintage industrial/manufacturing era feel.
Location
State CA
County Los Angeles
Area 684 - La Verne
Interior
Heating Central
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Underground Utilities, Water Connected
Building
Lot Description Corner Lot
Water Public
Others
Tax ID 8377002017
Financing Conventional
Special Listing Condition Standard
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Bought with Tiffanie Wang • Keller Williams Premier Prop
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