TITLE:
Value Add Owner User Mixed Use
CONTROL:
Exclusive
VALUE:
$1,850,000
LOAN:
$0
EQUITY:
$1,850,000
TYPE:
Retail/Commercial
HAVE:
Three Building Mixed Use Old Town (perhaps most visited state park in CA). Below market rents for a Candy Shop (mo-mo) for Owner-User, Food Kiosk (non assumable 4 yrs.Buyout?), Vacation Rental. Tenants want new leases. Ask about recent rent quotes.
WEBSITE URL:
ADDRESS:
3974-76 Harney St., San Diego, California
BENEFITS TO NEW OWNER:
Owner carry 1st or 2nd note, Rent guarantee, leaseback, exchange (area bound)
GROSS SCHEDULED INCOME:
$108,000 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$108,000
EXPENSES:
$0
NOI:
$108,000
DEBT SERVICE:
$0
CASH FLOW:
$108,000
CAP RATE:
5.84%
BENEFITS SOUGHT:
Other endeavors.
CAN ADD:
Cash - Signature for loan on 1:1 basis equity+cash/debt. $11m f/c AZ land not affected by new water regulations, or create note on commercial property Finger Lakes Region.
REMARKS:
Will look at exchanges on an in lieu basis if not exactly what owners want to close on.
COUNSELOR:
Dan Sanders
BCPI / Spartan Realty
P.O. Box 2030
Del Mar, California, 92014
