Commercial Property with Cell
14045 Garfield Ave., Paramount, CA 90723
Commercial property with long-term tenant and cell tower lease.
Type:Business Opportunities
Property size:
5,964 SFPrice / SF:
$335/SF- Added:
- Oct 19, 2024
- Days on Market:
- 589
- Last Refresh:
- May 12 at 9:54 pm
Property Features for 14045 Garfield Ave.
General Information
- Standard status
- Active
- Size
- 5,964 SF
- Property subtype
- Business Opportunities
Building Details
- Year Built
- 1972
Listing agent Listed by Marcia La
Listing office DRE #01839164 (626) 445-0123
Listing date Oct 19, 2024
Source Xome
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of DRE #01839164
HighLights
- Substantial monthly rental income of $7123.00 from existing tenant and cell tower lease.
- Long‑term tenant in place for over 20 years provides stable income.
- Newly negotiated 35‑year cell tower lease ensures long‑term revenue stream.
- Excellent access to 91, 605, 710, and 105 freeways facilitates transportation and accessibility.
- Significant potential for growth due to substantial rentable space.
- Rare opportunity: property not on the market for 40 years.
Overview
This commercial property, which has not been on the market for 40 years, offers an opportunity for investors. The property features rentable space and potential for growth. A long-term tenant has been in place for over 20 years. The property includes a newly negotiated contract with a cell tower company for a 35-year lease. It has access to the 91, 605, 710, and 105 freeways. The total monthly rental income from the tenant and cell tower lease is $7123.00. The property size is 5964 square feet.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $201.8k | $33.84 |
| − Vacancy | −$13.3k | −$2.23 |
| EGI | $188.5k | $31.61 |
| − OpEx | −$56.6k | −$9.48 |
| NOI | $132.0k | $22.12 |
5,964 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.89M
$1.65M – $2.20M
NOI $131,951 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.19M
$2.79M – $3.73M
NOI $223,517 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
U-Haul Neighborhood Dealer
Car Rental Facility
SMC Outlet
Discount Store
Location Insight
- Map
- Local Demand
- City
- Paramount
- County
- Los Angeles
- State
- California
- Longitude
- -118.1692579
- Latitude
- 33.9061745
Nearby Similar for Sale
FAQs
What type of property is this?
NNN property - Commercial property with long-term tenant and cell tower lease.
Where is this nnn property located?
The property is located at 14045 Garfield Ave. Paramount, CA.
What is the asking price?
The asking price for this property is $1,999,888.
What are key features of this property?
This property features: Substantial monthly rental income of $7123.00 from existing tenant and cell tower lease.; Long‑term tenant in place for over 20 years provides stable income.; Newly negotiated 35‑year cell tower lease ensures long‑term revenue stream.
