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14808 Pipeline AVE Chino Hills, CA 91709
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Key Details
Sold Price $3,550,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 7,754 sqft
Price per Sqft $457
MLS Listing ID PW17271365
Sold Date 02/09/18
HOA Y/N No
Year Built 1983
Lot Size 0.664 Acres
Property Sub-Type Retail
Property Description
Single Tenant Absolute NNN Citibank in prime southern california location with Drive-Thru and safe deposit box. Near signalized intersection with other banks: Bank of America, Wells Fargo Bank, Chase Bank and Union Bank.
10 year lease extension executed by Citibank in 2014.
1.5% annual increase.
Strong deposit of $87 million.
Current Net Income, $146,976, is pro forma as of Jan. 18, 2018.
Net Income at Start of Option 1 $160,719.
Net Income at End of Option 1 $170,581.
Lease Term 10 Years.
Rental Increases 1.5% Annually.
Expiration January 30, 2024.
Options Four, Five Year Renewal Options.
NNN No Landlord Responsibilities.
Location
State CA
County San Bernardino
Area 682 - Chino Hills
Interior
Laundry None
Building
Lot Description Level with Street
Story 1
Water Public
Others
Special Listing Condition Real Estate Owned
Lease Land No
Confidential INFO
BAC 2.0
LIST AGRMT Exclusive Right To Sell
SHOW CONTACT TYPE Agent
SHOW INSTRUCTIONS Please email me
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Bought with Lao & Associates Real Estate