Property Features: • Zoning SP-DV (Specific Plan – Downtown Vista) and MU (Mixed Use) • 89 parking spaces for a 4.8 space per 1000sf parking ratio • 700’+ of street frontage along Postal Way and Santa Fe Place • Campus-like setting constructed circa 1990 • Easy access to the freeway (Highway 78) • Walking distance to mass transit (Sprinter / bus stations) and to shops and restaurants • Approximately 36 suites including ±20 small executive suites of 400sf or less • Extensive plumbing throughout the property • 17 restrooms in the two buildings • Larger building has fire sprinkler system • Many medium to large apartment complexes across the street to the south Financial Information: • Current occupancy ±51% (20 tenants in occupancy) • Current gross rents all tenants ±$14,840 ($1.66psf average for current occupied space) • Current Gross Rent Multiplier ±14.3, CAP on current occupancy ±3.5% • Average Annual Expenses over prior 3 years $89k per Owner/Seller’s Schedule E’s • Owner/Seller self-manages including all l
Listing courtesy of TIE Commercial
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.