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Shopping Strip

Holt Blvd Strip Center

4416 Holt Blvd, Montclair, CA 91763

Listing Price: $1,070,000

Cap Rate
4.09%
Gross SF
4,996
Rentable SF
4,996
Price/Gross SF
$214.17
Lot Size
0.45 acres
Year Built
1952

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in one parcel of land with three buildings on it, located at 4416-4420 Holt Blvd in the city of Montclair, CA. The subject property has a Gross Leasable Area of approximately ±4,996 SF and is situated on a ±19,500 SF lot (0.45 acres). There is one storefront building positioned along Holt Blvd which hosts three service-oriented retail tenants: a scuba diving school, a computer repair shop and a tailor. The additional two buildings are at the rear of the property and are used exclusively by the scuba school. This property is unique in that it has an onsite pool, which the scuba school has exclusive rights to. The pool is maintained entirely by the tenant, which has operated successfully at this location for the past 60 years. The property benefits from having established, internet-resistant tenants with rents averaging approximately 40% below market, a dense trade area and a heavily trafficked boulevard which sees approximately 28,000 vehicles per day. Tenants are on short-term modified gross leases and all three have expressed a desire to stay and extend their lease term. This is an excellent opportunity for an investor to acquire a low-risk, low-maintenance property with upside where the anchor tenant, whose business benefits tremendously from having an onsite pool, would have an exceedingly difficult time relocating to another facility without paying significantly higher rents.

Investment Highlights

  • Long-term tenants with established, internet-resistant businesses
  • Rare onsite pool for exclusive use of scuba school business
  • Property rents approximately 40% below market rates allowing for immediate upside potential
  • Low maintenance property makes this a great asset for an investor who enjoys light management
  • Dense trade area with over 28,000 residents in a one-mile radius
  • Patrons travel from around the world to visit this scuba school business

Exclusively Listed By

Shopping Strip

Holt Blvd Strip Center

Listing Price: $1,070,000

Cap Rate
4.09%
Gross SF
4,996
Rentable SF
4,996
Price/Gross SF
$214.17
Lot Size
0.45 acres
Year Built
1952

Investment Highlights

  • Long-term tenants with established, internet-resistant businesses
  • Rare onsite pool for exclusive use of scuba school business
  • Property rents approximately 40% below market rates allowing for immediate upside potential
  • Low maintenance property makes this a great asset for an investor who enjoys light management
  • Dense trade area with over 28,000 residents in a one-mile radius
  • Patrons travel from around the world to visit this scuba school business

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in one parcel of land with three buildings on it, located at 4416-4420 Holt Blvd in the city of Montclair, CA. The subject property has a Gross Leasable Area of approximately ±4,996 SF and is situated on a ±19,500 SF lot (0.45 acres). There is one storefront building positioned along Holt Blvd which hosts three service-oriented retail tenants: a scuba diving school, a computer repair shop and a tailor. The additional two buildings are at the rear of the property and are used exclusively by the scuba school. This property is unique in that it has an onsite pool, which the scuba school has exclusive rights to. The pool is maintained entirely by the tenant, which has operated successfully at this location for the past 60 years. The property benefits from having established, internet-resistant tenants with rents averaging approximately 40% below market, a dense trade area and a heavily trafficked boulevard which sees approximately 28,000 vehicles per day. Tenants are on short-term modified gross leases and all three have expressed a desire to stay and extend their lease term. This is an excellent opportunity for an investor to acquire a low-risk, low-maintenance property with upside where the anchor tenant, whose business benefits tremendously from having an onsite pool, would have an exceedingly difficult time relocating to another facility without paying significantly higher rents.

Exclusively Listed By

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