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433 East Arrow Azusa, CA 91702
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Key Details
Sold Price $1,370,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB-22051689
Sold Date 05/10/22
Year Built 1970
Property Description
Excellent LOW RISK Triple Net investment. Current tenant, Discount Tire Centers, has leased property since December 2000. Current lease is $5,980.00 per month, continuing to March 31, 2029. Tenant has option to extend the term of the Lease for a period of five (5) years after current term expires with a Base Rent increase of 15% to $6,877.00. Tenant has never defaulted on rent payments and has kept the property is excellent condition. Tenant does have right of first refusal to purchase.
Location
State CA
County Los Angeles
Zoning AZC3
Interior
Laundry None
Exterior
Utilities Available Sewer Connected, Electricity Connected
Building
Lot Description Lot 20000-39999 Sqft
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