Status : Sold
Approx. Sq. Ft. : 5215
List Date : 09/25/2015
Price per sq. ft. : $862
Listed Days Back : 883
Approx. Lot Size : .48ac
Sale Price : $4,500,000
Year Built : 1977
Location : 1995 41st AVE, CAPITOLA, CA 95010
Number of Buildings : 1
Area : 044 - Capitola
MLS# : 81516312

Annual Gross Income : 198091.0
Cross Street : Clares
DESCRIPTION
Additional Listing Info : Not Applicable / Not Disclosed
Description : Capitola Citibank Property- Great investment opportunity with pride of ownership. Premium location at corner of 41st Ave and Clares. Rare separate parcel with free-standing building that adjoins county's major local mall anchored by Macy's, Kohl's, Target, & Sears. The building is leased to Citibank, an S&P A-rated tenant, with 7+ years remaining on a 10-year Absolute NNN lease with built-in 1.5% annual rent increases. Citibank has four 5-year renewal options. Landlord has no expense obligations.
FEATURES
Subclass : Commercial Property
Present Use : Business/Professional, Office, Retail, Service
Cooling : Central Forced Air, Other
Roof : Other
Foundation : Concrete Slab
Sewer Septic : Sewer - Public
Garage Parking : Common Parking Area, Drive Through, Guest / Visitor Parking, Uncovered Parking
Water : Public
Security Features : Closed Circuit Monitoring (24-hour), Fire Alarm , Security Alarm
Incorporated : Yes
Heating : Central Forced Air
City Limits : Yes
Foundation : Concrete Slab