Office Space For Lease @ 2632 N Blackstone Ave

100% leased investment opportunity: Freestanding building totaling ±5,200 SF on ±0.41 Acres (±17,860 SF) of General, Professional, and/or Medical space off Blackstone Ave. Offers (5) economical ±1,012 SF separate spaces with unique addresses leased to long-term tenants on AIR Modified Gross lease forms. Each unit features 4 offices, reception area plus private ADA restrooms. Cash cow with in-place rents of $92,533.32/year collected plus upside potential. All tenants pay the scheduled base rent plus the actual cost of all customary "pass-through" expenses such as Water, Sewer, Trash, and Gardening to eliminate these items from the Landlords ledger.

After realizing the scheduled annual increases (3% / year) and extending leases, the realistic 6-12 month gross annual income is scheduled to be $94,913.11 (116% upside). Unique investment offering easy-to-rent small office spaces in a under-built market offering a strong need for these type of spaces. The deal offers a 8.93% cash-on-cash return when leveraged with 30% down, producing a 1.6 DCR!

Unique flexibility offering configurations ranging from ±1,012 - 5,600 SF with the ability to combine spaces to create larger units via existing connecting doors between the units. Clean office spaces with new paint, new hard-surface VCT flooring, LED lighting, Brand New 2021 HVAC units, quality tile roof (zero leaks), new 6" tall baseboards, & new doors/hinges/Kwikset SmartLocks! Access to high speed Internet, separate meters, private ADA restrooms, private entrances (w/ secured entry), 20+ outdoor LED lights during the night hours, and consists of demising walls (can be combined). Building offers a full exterior lit private parking (25 spaces + street), excellent existing 25' pylon sign (74"x95.5" - 37" top & bottom), great visibility & easy access to CA-41 ramps. This space offers accomodations for: office building.