Tom and Kinsley Carnahan

BrokerInTrust
818-421-1200
Licensed In: California
License #: 00547560, 01896119

Great Investment property with long term tenants. 2 separate buildings on an almost 30,000 square foot lot. Opportunity to raise rents to market rate in the short term. 5 spaces currently leased at a under market rent between 60 to 70 cents per foot. One space (2nd buidling)(3750 sq. ft.) currently vacant and ideal for an owner user or could be leased as one or possible 2 spaces. Tenants currently on month to month or leases coming due withing the next 12 months. Market rents should be $1.00 a foot which would provide a cap rate of 6.2. Located just south of Sherman way and acrross the street from the Burbank Airport.