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Listing Plaza Del Rancho
Price:$16,306,000
Status:For Sale
• Plaza Del Rancho is approximately 84% leased with current lease rates averaging $1.98 PSF NNN, well below current market rates
• Net Operating Income is projected to grow over $611,300 (60%) during the hold period, providing a great hedge against inflation
• Carl’s Jr. and 7-Eleven sit on pads with the potential to sell off separately, providing a cap rate arbitrage opportunity to reduce an investors basis in this acquisition
• Plaza del Rancho is being offered free and clear of any existing financing, permitting a buyer to place new financing at desired LTV and terms or to accommodate a quick close for a 1031 Exchange
• Located within 1/2 mile are the following: Walmart Super Center, Home Depot, Office Depot, LA Fitness, Starbucks, Valencia High School (2,500 students) and Legacy Christian Academy (400+ students) |
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