This 12,013 SF flex space building is a perfect blend of retail and true industrial situated on a 14,176 SF lot. This building is currently vacant. A new investor can tenant this property after closing at a conservative rates of $14 a foot net. This proÂ-forma NOI will provide an investor with a strong 9.95% capitalization rate at the full asking price of $1,690,000. Enclosed in this package lease analytics showing resent comparable leases are as hight as $22 p/sf Net. This property will also work for an owner-user looking to relocate in East Hollywood.
Liberal new DHÂ3 zoning permits most uses and encourages new developments with generous height restrictions. See enclosed DHÂ3 zoning outline.
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