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1173 Forest Ave 3,120 SF 100% Leased Retail Building Pacific Grove, CA 93950 $2,060,000 ($660.26/SF) 5.15% Cap Rate
Investment Highlights
- Great free standing retail building on Forest Ave. Great signage and visibility.
Executive Summary
Property for sale includes 1173, 1169 and 1193 Forest Ave, Pacific Grove.
1173 Forest Ave (2,400 sq ft is currently vacant and income is projected.
1173 Forest Ave (2,400 sq ft is currently vacant and income is projected.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,120 SF
Year Built/Renovated
1962/1990
Price
$2,060,000
Price Per SF
$660.26
Cap Rate
5.15%
NOI
$106,090
Percent Leased
100%
Building Height
1 Story
Building FAR
0.11
Lot Size
0.68 AC
Parking
16 Spaces (5.13 Spaces per 1,000 SF Leased)
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 006-713-019-000 | Improvements Assessment | $134,051 |
| Land Assessment | $317,845 | Total Assessment | $451,896 |
Property Taxes
Parcel Number
006-713-019-000
Land Assessment
$317,845
Improvements Assessment
$134,051
Total Assessment
$451,896
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1173 Forest Ave
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