6300-6320 Lincoln Ave
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6300-6320 Lincoln Ave
10,398 SF 100% Leased Retail Building Cypress, CA 90630 £2,855,018 (£275/SF) 4.94% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 5 and 91 freeways in close proximity
- Complete remodel of the property
EXECUTIVE SUMMARY
Welcome to this outstanding retail property located in the bustling heart of Cypress. This single-story retail strip boasts 10 long-term tenants, ensuring steady rental income for years to come. Diverse Tenant Mix variety of businesses ensures a steady flow of visitors and a dynamic tenant environment. Each unit has been meticulously maintained, reflecting the recent major improvements that have enhanced the property's appeal and functionality. This property presents an exceptional investment opportunity with a proven track record of stability and growth. Don't miss out on the chance to own a premium retail strip in one of Cypress's most desirable locations!
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£181,859
|
£17.49
|
| Taxes |
£31,016
|
£2.98
|
| Operating Expenses |
£9,830
|
£0.95
|
| Total Expenses |
£40,846
|
£3.93
|
| Net Operating Income |
£141,012
|
£13.56
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £181,859 |
| Annual Per SF | £17.49 |
| Taxes | |
|---|---|
| Annual | £31,016 |
| Annual Per SF | £2.98 |
| Operating Expenses | |
|---|---|
| Annual | £9,830 |
| Annual Per SF | £0.95 |
| Total Expenses | |
|---|---|
| Annual | £40,846 |
| Annual Per SF | £3.93 |
| Net Operating Income | |
|---|---|
| Annual | £141,012 |
| Annual Per SF | £13.56 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,398 SF
Building Class
B
Year Built
1994
Price
£2,855,018
Price Per SF
£275
Net Initial Yield
4.94%
NOI
£141,012
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.43
Lot Size
0.56 AC
Zoning
PC, Cypress - Planned Commercial
Parking
40 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
128 ft on Lincoln Ave
AMENITIES
- Bus Route
- Pylon Sign
- Signage
- Air Conditioning
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 936-550-19 | Total Assessment | £391,394 (2024) |
| Land Assessment | £217,442 (2024) | Annual Taxes | £31,016 (£2.98/sf) |
| Improvements Assessment | £173,952 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
936-550-19
Land Assessment
£217,442 (2024)
Improvements Assessment
£173,952 (2024)
Total Assessment
£391,394 (2024)
Annual Taxes
£31,016 (£2.98/sf)
Tax Year
2023
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6300-6320 Lincoln Ave
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