Arcadia, CA 91007,2612 S Baldwin AVE
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Arcadia, CA 91007,2612 S Baldwin AVE
Arcadia, CA 91007,2612 S Baldwin AVE
Arcadia, CA 91007,2612 S Baldwin AVE
Arcadia, CA 91007,2612 S Baldwin AVE

$4,725,000

Est. payment /mo

$4,895,000

3.5%
Est.Price: ?

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2612 S Baldwin AVE Arcadia, CA 91007

0.47 Acres Lot

SOLD DATE : 08/12/2024

Key Details

Sold Price $4,725,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC24099140

Sold Date 08/12/24

HOA Y/N No

Year Built 1967

Lot Size 0.470 Acres

Lot Dimensions Assessor

Property Description

***5.89% CAP Rate with $288,088 Year 1 NOI ***NEW 10-YEAR Absolute Triple Net Lease***

Extraordinary investment opportunity in a thriving educational institution that has been operating and serving the community for over 25 years. All Seasons Children's Learning Center is a private, independent, preschool and kindergarten. The school offers a distinctive, fully-integrated ADVANCED curricula that balances an academic program with all the principal elements of development and growth. The school currently holds a WAIT LIST of 300+ students.

The site consists of a freestanding ±5,771 SF retail building, on a ±20,851 SF lot. A NEW 10-Year NNN Lease will commence at COE with a $288,088 Year-1 NOI (5.89% CAP RATE) and two Five-Year options to renew.

Recent improvements consist of roof replacement.

Location

State CA

County Los Angeles

Area 605 - Arcadia

Zoning ARC2D

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry None

Exterior

Fence Brick

Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Phone Connected, Water Available, Water Connected

Present Use Commercial

Total Parking Spaces 9

Building

Lot Description 0-1 Unit/Acre

Story 1

Water Public

Others

Tax ID 5787024003

Security Features Security System,Security Gate,Security Lights

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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Marcus "Kiwi" Gualter

Marcus "Kiwi" Gualter

+1(949) 751-9600

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Joseph Lotfy • Berkshire Hathaway HomeService • 562-739-6528
Bought with Dorine Tuan • CBD INVESTMENT INC.

Marcus "Kiwi" Gualter

Broker Associate | License ID: 01079157

+1(949) 751-9600

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