Asking Price
$1.9M
$/SF
$132
Building
14.0K SF
retail
Infra Gap
$145K
4 wks
Composite Score
8.2
7-Dimension Score
Structural (10%)8.2
MEP (20%)7.5
Micro-Location (15%)7.8
Environmental (10%)8.5
Financial (15%)8.9
Infrastructure (15%)7.0
Demand (15%)8.1
Property Details
Type:retail
Current Use:Vacant restaurant
Built:1985
Lot:18,000 SF
Zoning:GC-2Kitchen by-right
Seller:institutional
Source:costar
Broker:Maria Santos (Marcus & Millichap)
On Market:90d
Competing:0 offers
PM:Marcus Rodriguez
Financial Summary
Total Investment
$3.5M
Renovation
$1.6M
Projected NOI
$520K/yr
Cap Rate
14.9%
Payback: 6.7 yrsInfra Gap: $145K / 4 wks
Assessment Timeline
1
Identified
Mar 15, 2024
2
Site Walk
Mar 17, 2024
3
Infrastructure Check
4
ROM Estimate
5
Recommendation