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For SaleLuxury

$4,599,000

20,399 sqft$225/sqft60 days on market

12598 Central AVE

Chino, CA 91710

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

20,399

Square feet

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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.

Listing agent (MLS): GURJEET BHATIA · Listing brokerage (MLS): Acreage Real Estate

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

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

· 8% down, 7% APR, 30yr fixed
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Courtesy of Acreage Real Estate