Sold
Closed
2612 S Baldwin Avenue
Arcadia CA, 91007
$4,725,000
$818.75 per sqft
Sold
Closed
5,771 sqft
Commercial
Built in 1967
Listed by Joseph Lotfy with Berkshire Hathaway HomeService 562-739-6528
***5.89% CAP Rate with $288,088 Year 1 NOI ***NEW 10-YEAR Absolute Triple Net Lease***
Extraordinary investment opportunity in a thriving educational institution that has been operating and serving the community for over 25 years. All Seasons Children's Learning Center is a private, independent, preschool and kindergarten. The school offers a distinctive, fully-integrated ADVANCED curricula that balances an academic program with all the principal elements of development and growth. The school currently holds a WAIT LIST of 300+ students.
The site consists of a freestanding +-5,771 SF retail building, on a +-20,851 SF lot. A NEW 10-Year NNN Lease will commence at COE with a $288,088 Year-1 NOI (5.89% CAP RATE) and two Five-Year options to renew.
Recent improvements consist of roof replacement.
OC24099140
MLSⓇ ID
May 16, 2024
Listed
December 5, 2024
Updated
Map
2612 S Baldwin Avenue
Arcadia CA, 91007
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.47 Acres
Lot Features
0-1 Unit/Acre
Other Property Details
Area Name
605 - Arcadia
Days on Market
47
Garage
No
Parking Total
9
View
No
County
Los Angeles
Water Source
Public
Pool
No
Zoning
ARC2D
Listing History
Date | Event | Price |
|---|---|---|
8/12/2024 | Sold | $4,725,000 |
7/28/2024 | Pending | — |
7/10/2024 | Under contract | — |
Listing Contact: 949-644-6200
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/5/2024 at 6:27 AM UTC