Description
VALUE ADD OPPORTUNITY!! SUBMIT ALL OFFERS!! **ASSUMABLE NON RECOURSE LOAN AT 5.12% INTEREST ONLY (ABOUT 3% BELOW MARKET) FIXED UNTIL MID 2028 WHICH MAKES THIS ONE OF THE BEST OPPORTUNITIES ON THE MARKET!!** PROPERTY CAN BE PURCHASED UNDER $200 SQ FT -- WHICH IS WAY BELOW REPLACEMENT COST!! We are pleased to present for sale, the Montclair East Shopping Center; a 100% leased professionally managed Southern California shopping plaza with 85%+ of its square footage leased to national credit brand tenants (i.e., Ross, DD’s, Dollar Tree, Best Buy, Five Below, and Hibbett Sports just to name a few) that are all paying rent. Most of these national credit tenants have long term historical occupancy. This center is located at 5391-5467 Moreno St. Montclair, CA 91763. This 9.56 acre property is made up of a healthy tenant mix that is well positioned for the local demographics. This center has great Freeway frontage & visibility right off the 10 Freeway and is located right next to Montclair Place, a recently modernized & updated indoor mall. Montclair East Shopping Center features freeway visible monument signage, ample parking, high foot traffic and excellent ingress/egress access with freeway on ramps & off ramps at Central Ave. This center can be easily accessed from both Los Angeles and the Inland Empire. This thriving center has significant rental upside and not to mention can be purchased way below replacement cost. This is the perfect investment opportunity for an investor as a 1031 exchange upleg property or to purchase with fresh money and add to your portfolio as a safe, secure, and highly stabilized high foot traffic investment with low management, risk, and headaches! Once again, one of the best attributes about this investment is that a buyer has an opportunity to purchase this property by assuming the current loan with an interest rate that’s almost 2% below market with an interest only rate of 5.12% that's fixed until mid-2028 for great cash flow starting from day one! All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence. NO OFFERS WILL BE CONSIDERED OR ACCEPTED BEFORE CALLING LISTING OFFICE FIRST TO DISCUSS FURTHER.
