$4,599,000
12598 Central AVE
Chino, CA 91710
—
Beds
—
Baths
20,399
Square feet
—
Built
Listing narrative
Description
6.18 % Cap Rate - $284,481 NOI - Long-term Tenants - Stable and Professional Tenant Base Multi-Tenant Office Building with Low Landlord Responsibility and over 6% cap rate. First time on the market - rare opportunity to acquire the largest contiguous ownership in the El Central Plaza. The El Central Plaza is a professional business park with prominent access from Central Avenue near the CA-60 freeway. The property offers 19 units generating high rental income with well-structured leases for each tenant, including annual rent escalations. Easy to lease - the office sizes range from 400 to 2,000 s.f. ideal for any big or small business; most offices have water access and restrooms inside the units, a high parking ratio and zoning helps to accommodate a wide variety of Tenant uses. Plus, there is an elevator to access the second floor, making the second floor just as convenient to rent out. Easy to manage - all Tenants maintain their suites, and most common areas are maintained by the El Central Plaza association including the trash and parking lot upkeep. Well-structured and easy-to-follow leases also help reduce management burden.
Property Details
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Price
$4,599,000
Beds
Beds n/a
Type
Commercial
MLS subtype
Office
Home Size
20,399 sqft
Baths
Baths n/a
Lot Size
0.47 acres
Year
Year n/a
Status
For Sale
Days on Market
60
$ / Sqft
$225
Courtesy of Acreage Real Estate






