Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    10944 South Street, Cerritos, CA 90703
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    10944 South Street
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    • MLS#: 25495297 ( )
    • Street Address: 10944 South Street
    • Viewed: 14
    • Price: $8,500,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1975
    • Bldg sqft: 0
    • Days On Market: 59
    • Additional Information
    • County: LOS ANGELES
    • City: Cerritos
    • Zipcode: 90703
    • Provided by: Miller & Desatnik Realty Co.
    • Contact: Glenn Glenn
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      10944 South Street, Cerritos, CA 90703 presents an exceptional single tenant leased NNN investment opportunity with minimal landlord responsibility. The property spans an impressive 1.96 acres of prime land, ideally located within the renowned Cerritos Auto Square, the world's largest auto mall. This strategic location is home to a single tenant, Mitsubishi Motors New Sales/Parts/Service Center, offering a secure and stable income stream. The subject property offers a rare and highly sought after opportunity for investors seeking long term stability with minimal oversight. Mitsubishi Motors, an established and trusted brand in the automotive industry, occupies the space under a NNN lease. The tenant has full responsibility for all property maintenance outside of maintaining the roof and foundation which are the landlord's responsibilities. The tenant is also fully responsible for payment of property insurance and property taxes, with NO TENANT PROP 13 PROTECTION meaning, the increase in property taxes after the sale will be a continued responsibility of the tenant.
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    Features
    Anchors Cotenants
    1. Mitsubishi Motors
    Building Area Total
    1. 16116.00
    Country
    1. US
    Netoperatingincome
    1. 300000.00
    Parcel Number
    1. 7049014011
    Postalcodeplus4
    1. 5302
    Totalmonthlyrent
    1. 25000
    Views
    1. 14
    Year Built
    1. 1975
    Zoning
    1. CEADP5
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836