$1,250,000

Great passive income property located in the dynamic Globe Shopping Center, an internationally themed lifestyle center. NNN leased investment with lease expiration in 12/31/2023. Space is located in the "Siam Village" portion of the development, inspired by Southeast Asian and Vietnamese design elements. Tenant, Payaso Sa Kuba specializes in Filipino food, live entertainment and comedy. Space has storefronts on two sides. Lease has annual increases. 6.03% Cap Rate which increases to 6.2% on 1/1/16.

Details
Property Class: Commercial/Industrial
Type: Commercial Property
Listing Status: Active
City: Fremont
Area: 27 - Alameda County
County: Alameda
State: CA
Property Sub Type Descr: Commercial Property
Garage: Yes
Parking Total: 10.00
Living Area (SqFt): 2000 sq. ft.
Lot Size Area Sq Feet: 2000.00
Lot Size Area Acres: 0.04591
Property Tax: $13,000
REO/ Bank Owned: No
REO: N/A
Short Sale: N/A
Listing#: 81484846
Year Built: 2007
List Date: 7/13/2015
Class: Commercial
Property Subtype: Commercial Property
Approx Lot Size: 0.046
Stories: 1
REO/Bank Owned: No

Community Features: Kitchen, Restroom(s)
Present Use: Commercial
Utilities Sewer: Sewer - Public
Cooling: Central Forced Air
Heating: Central Forced Air
Utilities Water: Public
Foundation: Concrete Slab
Roof: Tar and Gravel

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