6720 Bright Ave, Whittier, CA 90601

2,290 SF | Retail Building | Whittier, CA 90601 | $1,450,000 ($633/SF)

Asking Price $1,450,000

Property Type: Retail
Square Feet: 2,290 SF
Price / Square Foot: $633

Listing Contacts

Property Info

Property Overview

Kidder Mathews is pleased to present a single-tenant NNN leased investment. This building was totally renovated, interior and exterior with a creative modern aesthetic. The property is was hand measured to 2,290 square feet of existing improvements and a 7,000 square foot lot, situated in the bustling Uptown Whittier between Philadelphia and Bailey Streets. The building features 18 private surface spaces The current Tenant is Global IT, they have annual revenues exceeding $5M annually. They are an IT Company paying: $3.00 PSF base rent and $.85 PSF NNN (Total Rent - $9,925.94). The current Cap Rate is 5.68%

Property Details

Class: C
Year Built/Renovated: 1937/2020
Stories: 1
Property Subtype: Freestanding
Lot Size (sq. ft): 6,970 SF

Highlights

Over $5M in Gross Annual Revenues
Strong Single Tenant Leased Investment - Annual Increases CPI
True NNN Lease - 5 year Term
Rear Alley - Access to 18 Private Surface Spaces -
Global IT - Heavily Tenant Improved Space with Custom Build-out
Across Street From 3-story Public Parking Structure - Free

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