811-813 Fair Oaks Avenue, Pasadena | for Lease
Content
OWNER-USER OR NNN INVESTMENT PROPERTY FOR SALE
811-813 FAIR OAKS AVENUE, SOUTH PASADENA
(immediately south of new Canoe House Restaurant) Description: Lot Size: Building Size: Freestanding commercial storefront building with 2 tenants. 5,759 SF 6,084 SF (with connecting lower level storage for each tenant) Assessors Parcel Number: 5315-002-038 813 Fair Oaks Avenue (RadioShack - 3,270 SF) New three (3) year lease with RadioShack has rent of $6,540/month, NNN. Tenant has three 3 year options, and the base rent increases by 10% at the beginning of each option period. 811 Fair Oaks Avenue (Cake Sensations - 1,800 SF plus approx. 1,014 SF of lower level storage) (Tenant, Cake Sensations, did not exercise its option to extend and has been on a month-to-month tenancy for over a year.) Space has full commercial kitchen, floor drains, hood & venting. Current rent is $4,252.50/month, NNN. Current Annual Operating Expenses: <$31,122> (management, insurance, taxes, occasional roof repairs, cleaning gutters/downspouts, etc.) New property taxes will be approx. 0.0125% of sales price. Heating and air conditioning units are regularly serviced and the roof is less than 5 years old.
Price:
$ 1,495,000
See next page for Demographic and Traffic information, and nearby anchors.
310 990-7124 (cell) 626
795-1511 (office)
DRE#: 00778637
811-813 FAIR OAKS AVENUE SOUTH PASADENA, CA
Adjacent to Canoe House Restaurant, across the street from new Comerica Bank and within walking distance to Bristol Farm Market, Rite Aid, Bank of America, Wells Fargo, Chase Bank, FedEx/Kinko’s and Vons.
Also, within walking distance to many offices and the following restaurants --* Coffee Bean & Tea Leaf * Baskin Robbins * McDonald’s *Starbucks * Panda Express * Gus’s Barbeque * Jamba Juice * Papa John’s
Traffic Count along Fair Oaks Avenue:
35,000 cars per day
Demographic Information:
2012 ESTIMATES
2012 Population 2012 Avg HH income 2012 Daytime Population
1.0 Mile
22,735 $124,810 9,777
3.0 Miles
243,714 $90,292 124,421
5.0 Miles
662,474 $82,974 225,376
310 990-7124 (cell) 626
795-1511 (office)
DRE#: 00778637
All information contained herein is from sources deemed reliable but has not been verified and is submitted without any warranty or representation, expressed or implied, as to its accuracy, and John Alle Company assumes no liability for errors or commissions of any kind, change of price, rental or other conditions, including, without limitation, prior sale, lease or financing or withdrawal without notice. This presentation is for information only and under no circumstances whatsoever is to be deemed a contract, note, memorandum or any other form of binding commitment.
811-813 FAIR OAKS AVENUE, SOUTH PASADENA
(immediately south of new Canoe House Restaurant) Description: Lot Size: Building Size: Freestanding commercial storefront building with 2 tenants. 5,759 SF 6,084 SF (with connecting lower level storage for each tenant) Assessors Parcel Number: 5315-002-038 813 Fair Oaks Avenue (RadioShack - 3,270 SF) New three (3) year lease with RadioShack has rent of $6,540/month, NNN. Tenant has three 3 year options, and the base rent increases by 10% at the beginning of each option period. 811 Fair Oaks Avenue (Cake Sensations - 1,800 SF plus approx. 1,014 SF of lower level storage) (Tenant, Cake Sensations, did not exercise its option to extend and has been on a month-to-month tenancy for over a year.) Space has full commercial kitchen, floor drains, hood & venting. Current rent is $4,252.50/month, NNN. Current Annual Operating Expenses: <$31,122> (management, insurance, taxes, occasional roof repairs, cleaning gutters/downspouts, etc.) New property taxes will be approx. 0.0125% of sales price. Heating and air conditioning units are regularly serviced and the roof is less than 5 years old.
Price:
$ 1,495,000
See next page for Demographic and Traffic information, and nearby anchors.
310 990-7124 (cell) 626
795-1511 (office)
DRE#: 00778637
811-813 FAIR OAKS AVENUE SOUTH PASADENA, CA
Adjacent to Canoe House Restaurant, across the street from new Comerica Bank and within walking distance to Bristol Farm Market, Rite Aid, Bank of America, Wells Fargo, Chase Bank, FedEx/Kinko’s and Vons.
Also, within walking distance to many offices and the following restaurants --* Coffee Bean & Tea Leaf * Baskin Robbins * McDonald’s *Starbucks * Panda Express * Gus’s Barbeque * Jamba Juice * Papa John’s
Traffic Count along Fair Oaks Avenue:
35,000 cars per day
Demographic Information:
2012 ESTIMATES
2012 Population 2012 Avg HH income 2012 Daytime Population
1.0 Mile
22,735 $124,810 9,777
3.0 Miles
243,714 $90,292 124,421
5.0 Miles
662,474 $82,974 225,376
310 990-7124 (cell) 626
795-1511 (office)
DRE#: 00778637
All information contained herein is from sources deemed reliable but has not been verified and is submitted without any warranty or representation, expressed or implied, as to its accuracy, and John Alle Company assumes no liability for errors or commissions of any kind, change of price, rental or other conditions, including, without limitation, prior sale, lease or financing or withdrawal without notice. This presentation is for information only and under no circumstances whatsoever is to be deemed a contract, note, memorandum or any other form of binding commitment.
