427 Barson St
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427 Barson St
1,542 SF Retail Building Santa Cruz, CA 95060 £954,350 (£619/SF) 11.25% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Great location and walking score
- Well known location with establish consistent clients
EXECUTIVE SUMMARY
Laundromat for sale with existing month-to-month tenant. Good will and equipment can be included in the sale for additional $200K. Highly Profitable turn-key Business with attractive cap rate. This building can be sold with adjacent lots with residential properties: 419 Barson St., 311 Ocean St., 315 Ocean St. in Santa Cruz. Please note, that there will be an easement required for 419 Barson St. (owned by the same seller) because laundromat's parking lot is partially on the cottage lot. For any questions please email mkhesin@intempus.net
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Portfolio Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,542 SF
Building Class
C
Year Built
1974
Price
£954,350
Price Per SF
£619
Net Initial Yield
11.25%
NOI
£107,364
Tenancy
Single
Number of Floors
1
Building FAR
0.44
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
C-N
Parking
4 Spaces (2.59 Spaces per 1,000 SF Leased)
Frontage
48 ft on Barson St
AMENITIES
- Signage
Walk Score®
Very Walkable (86)
Bike Score®
Biker's Paradise (99)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 007-403-23-000 | Improvements Assessment | £44,979 |
| Land Assessment | £168,671 | Total Assessment | £213,650 |
PROPERTY TAXES
Parcel Number
007-403-23-000
Land Assessment
£168,671
Improvements Assessment
£44,979
Total Assessment
£213,650
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427 Barson St
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