David Massie of DJM Commercial Real Estate has an exclusive unlisted off market property for sale in Conejo Valley that is an amazing opportunity.
Property details for this sale listing:
- 100% occupied with quality long term leases and credit tenants in place
- 2018 net income projected to be about $248,000
- About 13,000 RSF
- Owner only occupies a 600 sf space and can stay and lease out or move out
- One tenant’s lease expires in Feb. 2019 of about 3,500 RSf – owner can move into this space or can move into owner’s unit mentioned above. Another option is to keep the tenant in place. All other leases expire in 2020 and 2021
- The property is about 15 years old. Very quality “A” type build
- There is enough parking at between 4-5 per 1,000 to do some medical/dental uses
- Exterior building with signage potential has good exposure
The current owners are asking for about a 4.5% cap, which is about $5.5 million, but they are also open to reasonable offers. This is an incredible opportunity to move quickly on as it’s currently unlisted and off-market for the time being!
If you have someone interested in buying this off market listing, or if you have any additional questions, please contact David Massie at email@example.com or call him at 805-217-0791.