Chase Bank Anchored Office & Retail Building 2333 North Lake Avenue, Altadena, CA Cap Rate 5% Altadena ( California, US ) Built

$8,320,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 26,249 sq. ft.
  • Development Level: Built
  • Lot Size: 51130 sq. ft.
  • Year Built: 2001

Description

Chase Bank Anchored Office & Retail Building 2333 North Lake Avenue, Altadena, CA Cap Rate 5%

Cap Rate: 5%
NOI: $445,261.32
Building Size: 26,249 sqft
Lot Area: 51,130 sqft
Occupancy: 92.4%
Built/Renovated: 1959 / 2001
Price Per Sqft: $316.96
Zoning: C3
Parking Spots: 92

Price: $8,320,000

DESCRIPTION
Chase Plaza, located at 2333 North Lake Avenue is ideally located on the NW corner of Lake Avenue and E. Mendocino Street in Altadena, CA. The subject property sits within an extremely dense demographic area, with an immediate population upward of 250,000 people within a five mile radius. The property benefits from excellent visibility and frontage, and has access to a large parking lot with 92 spaces.
Chase Plaza is a 26,249 SF two-story shopping center anchored by Chase Bank and Planned Parenthood. Built in 1959 and renovated in 2001, Chase Plaza offers excellent parking with superb ingress and egress, which aids in the overall tenant success and sustainability at this location. The subject property is ideally situated on 51,130 SF of land.
Chase Bank has more than 5,100 branches and 16,100 ATMs nationwide. JP Morgan Chase has more than 240,000 employees and operates in more than 60 countries. JP Morgan Chase currently has assets of approximately $2.3 trillion.
Planned Parenthood is the largest U.S. provider of reproductive health services, including cancer screening, HIV screening and counseling, and contraception. Planned Parenthood has over 820 clinic locations in the U.S. Planned Parenthood conducts no medical procedures at this location. The office at 2333 North Lake Avenue is strictly an administrative office for the region.
Chase Plaza offers solid upside and minimal downside, with rents currently in line or below current market values. With its dual national anchors in Chase Bank and Planned Parenthood this offering allows an investor to purchase a stable asset with growth potential in the future, as well as an asset that is one of the highest profile buildings in the immediate market.
2333 North Lake Avenue is being offered for sale for $8,320,000 ($316.96/PSF) at a 5.00% CAP Rate.

HIGHLIGHTS
• Two National Tenants Anchor One of the Highest Profile Buildings in the Immediate Area
• Corporate Leases with Chase Bank, Planned Parenthood and Nextel
• Excellent Parking with Outstanding Visibility & Superb Ingress and Egress
• Signalized Corner Location

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

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Information is deemed to be correct but not guaranteed.