41659 Big Bear Blvd, Big Bear Lake, CA 92315
11,704 SF | 100% Leased | Office Building | Big Bear Lake, CA 92315 | $1,650,000 ($141/SF) | 8.24% Cap Rate
For Sale
Active
Asking Price $1,650,000
- Property Type
-
Office
- Square Feet
- 11,704 SF
- Price / Square Foot
- $141
Listing Contacts
Mike Dolan
Property Overview
REMARKABLE MULTI-TENANT INVESTMENT OPPORTUNITY! Wait till you see the perfect, convenient location of this 48 unit office/mini storage facility with over 11,700 sq. ft. of rental space on a level, 36,358 sq. ft. street-to-street lot in the 'miracle mile' district of Big Bear Lake. Property includes 38 units of various sizes for personal/business storage and 10 office space rentals (two w/ 1600 sq. ft. and eight w/ 400 sq. ft.). Office units come complete with wet bar/kitchenette and half bathrooms (a few with showers). Lots of potential to increase monthly income. Many of the current rents are below current market rents. As of 7/13/24, CAP Rate is 7.30 based on actual income, less actual reoccurring expenses. Currently five vacancies equaling $2,013 P/M. (When 100% occupied, CAP rate is 8.5)
Property Details
- Class
- B
- Year Built
- 1986
- Stories
- 2
- Lot Size (sq. ft)
- 36,155 SF
Highlights
- Located on Highly Traveled road
- Excellent visibility
- Only 3 vacancies
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