6300-6320 Lincoln Ave 10,398 SF 100% Leased Retail Building Cypress, CA 90630 $5,165,758 CAD ($496.80 CAD/SF) 4.94% Cap Rate
INVESTMENT HIGHLIGHTS
- 5 and 91 freeways in close proximity
- Complete remodel of the property
EXECUTIVE SUMMARY
Welcome to this outstanding retail property located in the bustling heart of Cypress. This single-story retail strip boasts 10 long-term tenants, ensuring steady rental income for years to come. Diverse Tenant Mix variety of businesses ensures a steady flow of visitors and a dynamic tenant environment. Each unit has been meticulously maintained, reflecting the recent major improvements that have enhanced the property's appeal and functionality. This property presents an exceptional investment opportunity with a proven track record of stability and growth. Don't miss out on the chance to own a premium retail strip in one of Cypress's most desirable locations!
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$329,048
|
$31.65
|
| Taxes |
$56,120
|
$5.40
|
| Operating Expenses |
$17,786
|
$1.71
|
| Total Expenses |
$73,905
|
$7.11
|
| Net Operating Income |
$255,142
|
$24.54
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,398 SF
Building Class
B
Year Built
1994
Price
$5,165,758 CAD
Price Per SF
$496.80 CAD
Cap Rate
4.94%
NOI
$255,142 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.56 AC
Zoning
PC, Cypress - Planned Commercial
Parking
40 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
128’ on Lincoln Ave
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Air Conditioning
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 936-550-19 | Total Assessment | $707,386 CAD (2024) |
| Land Assessment | $392,994 CAD (2024) | Annual Taxes | $56,120 CAD ($5.40 CAD/SF) |
| Improvements Assessment | $314,392 CAD (2024) | Tax Year | 2023 |
