Average square foot calculated using Size range provided by listing agent.
Description
We are pleased to present the opportunity to acquire Seventy Two Pacific, a 22, 996 SF retail center located near the signalized intersection of E 72nd St & Pacific Ave with excellent visibility & traffic exposure, with over 42, 000+ vehicles per day. The offering includes two existing buildings, a fully-leased 4-tenant retail center providing immediate cash flow at a 6.75% in-place cap rate, and an adjacent 18, 442 SF recently vacant retail building offered well below replacement cost at $165/SF, providing flexibility for an owner-user, value-add investor, or developer. Additionally, permits have been submitted for a 3, 000 SF retail building to be constructed on the south end of the parcel, providing future upside.Show Description
MLS® Number2437241
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2007
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatOther – See Remarks
A/COther – See Remarks
Heating Fuel
Extras
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