Pacific Beach 2 – Unit Retail Building
Recently Closed
$1,650,000
Description
- Final Sales Price $1,650,000
- Building Size+/-2,710 SqFT ($609/SqFt)
- Lot Size: 6,622 SqFt ($249/SqFt)
- Investor Purchased this Restaurant with a 5% CAP Rate
- True NNN Leases with 3% Annual Increases
- 53 Feet of Frontage Along Garnet Avenue
- 2 Tenants in Place: spot Brazil Café and Culture Training
- Currently Zoned CC-4-2
- Seller Plans on Cashing Out, Buyer is in a 1031 Exchange
- The Franco Realty Group Represented the Buyer and Seller
- Buyer is Paying All Cash, No Loan Contingency
- Approximately 2 Month Escrow Period