Asking Price: $2,190,000 Gross Revenue: $385,200Net Operating Income: $219,816FF&E: Not Disclosed included in asking priceBuilding Sq. Ft.: 30880.00Price/Sq. Ft.: $71.00Share this business:
Explanation of Financial Terms
The total asking price of the property for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Net Operating Income
Net Operating income (NOI) equals operating revenue less operating expenses.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
A well-organized indoor Swap Meet in a busy shopping mall where many nation-brand anchors are. Newly upgraded and remodelled recently. Swap meet operational hours are Mon - Sun from 10 am to 8 pm, and closed at 7 pm on Sun. Closed on every Tuesday. Below is a quick overview of Swap Meet
• NOI: $216,000.
• 100% leased to 28 tenants
• Property type: Commercial
• CAP Rate: 9.4%
• Bldg. Size: 30,880 Sq. Ft
• Land Size: 2.7 Acre
• Year Built: 1992
• No. of Stories: 1
• Financing condition: SBA loans are available w/30% down, Approx. $9,452 loan payment per month for 25 years is estamated
• E-mail Kevin Kim or contact me for more information
• Even if you know the property location and are seeking the opportunity, never, however, interrupt or speak with owner or staff during the observation.
• I'll gladly schedule an open discussion with the owner for you once you ask.
About the Property
28 tenants, management office
El Evado Rd & Palmdale Road, Victorville, CA 92392
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Swap Meet, CAP 9.4%, 100%-Leased, Asking $2.19M, Victorville
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