$3,306,899
$3,442,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
0.68 Acres Lot
SOLD DATE : 10/07/2014
Key Details
Sold Price $3,306,899
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS14173669
Sold Date 10/07/14
HOA Y/N No
Year Built 2001
Lot Size 0.683 Acres
Property Description
Corporate guaranteed lease-McDonald's corporation (NYSE=MCD)-S&P rated A. Rare opportunity high profile South Bay NNN retail investment Los Angeles County 8+ years remaining on a 20 year/Absolute NNN fee simple ground lease strong 13% rental increases every five years during initial term and 15% during 4-5 year options. High traffic 405 Freeway visibility and access over 260,000 AADT.
McDonald's Corporation (NYSE=MCD) is the worlds primary fast food company. McDonald's employs 1.9 million workers and has revenues of 28.1 billion in 2013. The fortunate list ranks McDonald's at #106 in 2014.
Location
State CA
County Los Angeles
Area 132 - N Torrance - West
Interior
Fireplace No
Building
Lot Description Level
Water Public
Others
Tax ID 4091019032
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Alice I-Ming Chu • Coldwell Banker George Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "