241-249 W Pacheco Blvd, Los Banos, CA

Retail for Sale - $999,000 - 14,200 Sq. Ft. on 0.81 acres

FRE.COM

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Agent Info

NameDebi Roks
CompanyFRE.COM

Property Info

CIMLS #1043807
Location241-249 W Pacheco Blvd
Los Banos CA 93635
Last UpdatedApril 25th, 2019
TypeRetail
Price$999,000
Building14,200 Sq. Ft.
Land0.81 acres
DemographicsView data

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Property Description

This online Auction Plus (+) event is for Conte Plaza, a ±14,200 SF multi-tenant retail center on West Pacheco Boulevard (Hwy 152) in Los Banos, CA. The Plaza is surrounded by established businesses in the area such as Baskin Robbins, Best Western, and Fast Track Car Wash.

Property highlights/features include:

±14,200 SF retail center consisting of three buildings on two parcels

63.6% occupied

Below-market rents in place

15 spaces from ±660 to ±1232 SF

Parking ratio: 4/1,000 SF

Great tenant mix in-place. Current tenants are on shorter-term leases which will allow the new owner to raise rents to meet the market rate if needed

Rare opportunity to acquire a value-add retail center within the City of Los Banos, CA, with tremendous upside

Minutes from Los Banos Municipal Airport

BROKER CO-OP: 2.5%

MINIMUM BID: $999,000

BID DEADLINE: Thursday, May 23rd, at 5 pm PDT

For Property Details and Online Auction Information, visit: www.FRE.com/288D7