1. FOR SALE: Fully Occupied Covina Strip Mall w/ Great Parking on 18,650 SF of Land N Azusa Ave Covina, CA 91722
PRICE: $1,995,000
TOTAL BUILING SIZE: 7,670 sq. ft. (7,540 sq. ft. Per Title)
TOTAL LOT SIZE: 18,650 sq. ft.)
PRICE PER SQ. FT.: $265 (bldg) $107 (land)
CURRENT CAP RATE: 5.65% ACTUAL
Strong Cap Rate currently at 5.65%
-Approx. (#) Parking Spaces
Low Average rent of $1.66 GROSS per sq. ft.
Middle Corner Location
Zoning: WCNC*
For More Information:
Chris Comfort
President
x 101
BRE#
11040 Santa Monica Blvd. Ste. 210
Los Angeles, CA 90025
Although taken from sources deemed reliable, the information contained herein is neither warranted nor guaranteed by Chris Comfort or Apex Properties.

2. PROJECT DESCRIPTION: For More Information:
The subject property consists of close to 8,000 sq. ft building size with 5 seasoned retail tenants at 100% occupancy. The property is located on a busy middle corner and enjoys ample back lot parking. Neighboring retail strip centers include popular named tenants Big Lots, Food 4 Less, CVS and Stater Bros Markets. The Subject Property also benefits from excellent visibility, adjacent residential housing and moderate to high traffic intersection, and strong historical occupancy rates.
Currently tenant rents are at an average rent per sq. ft. of only $1.66 per sq. ft. GROSS. With the potential to increase rents to market levels, the investor will realize current stability and substantial upside in this investment.
For More Information:
Chris Comfort
President
x 101
Although taken from sources deemed reliable, the information contained herein is neither warranted nor guaranteed by Chris Comfort or Apex Properties.

3. RENT ROLL AND FINANCIAL ANALYSIS:
Unit
Tenant
Size
Gross Rent
Gross Rent per sq. ft.
Lease Exp
532
Friar Tux
1,950
$3,388
$1.74
6/20/20
534
Ty Nails
1,400
$2,057
$1.47
5/31/21
536
Star Salon
1,500
$2,259
$1.51
12/31/20
538
Chaba Massage
1,200
$1,935
$1.61
1/31/22
540
Pay Day Express
1,620
$3,172
$1.96
12/31/19
Total:
7,670
$12,811
* Title records indicate the building as 7,540 sq. ft.
Expenses
Property Tax:
$25,000
Annual Gross:
$153,732
Insurance:
$5,000
Less Expenses:
$(40,928)
Water:
$2,300
NOI:
$112,804
Trash:
$4,728
Edison:
$1,200
Gardener:
$1,500
Cap Rate:
5.65%
Repairs:
Price:
$1,995,000
$40,928
Price psf (bldg):
$265
Although taken from sources deemed reliable, the information contained herein is neither warranted nor guaranteed by Chris Comfort or Apex Properties.

4. AREA MAP:
Although taken from sources deemed reliable, the information contained herein is neither warranted nor guaranteed by Chris Comfort or Apex Properties.

5. ADDITIONAL PHOTOS: For More Information: Chris Comfort President
x 101
BRE#
Although taken from sources deemed reliable, the information contained herein is neither warranted nor guaranteed by Chris Comfort or Apex Properties.