4651 Holt, Montclair, CA 91763
List Price: $4.93M
Listing Status: Active
Original List Price: $5.27M
0Days on Market: 105
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1984
Lot Size: 54,886 sq ft
MLS Number: IV26005604
About This Property
INCOME GENERATING INVESTMENT RETAIL CENTER WITH MINIMAL LANDLORD RESPONSIBILITY - NNN LEASES - We are pleased to offer for sale the fully leased Holt Medical Plaza. The center is currently 100% occupied with long-term leases to Tenants such as Health Service Alliance, a federally qualified health center (FQHC). Offering a compelling combination of strong in-place cash flow, clear upside through continued rent growth with an average of 3-4% annual base rent increases, and strong triple net (NNN) leases insuring expense pass-throughs, this is the ideal investment for a prudent investor seeking a strong ROI, with a high Cap Rate of 5.50%. The subject property sits on 1.26 acres, was built in 1984, and consists of approximately 15,352 SF. There is ample parking with 78 total parking spaces. Holt Medical Plaza is located in a high-traffic area (23,990 Average Daily Traffic Count), surrounded by many national retail brands including a CVS, Dollar Tree, and many others.
Listing provided by: GURJEET BHATIA DRE #01895064 909-606-1505 kavita@theacreage.net, Acreage Real Estate
Source: CRMLS, MLS #: IV26005604
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.