Description
This is A Once-in-a-Lifetime Investment Opportunity to acquire a single tenant 100% absolute triple net leased property in Malibu, one of the most significant & prestigious residential compounds in the United States. This exceptional and unique gated home with complete privacy and explosive unobstructed panoramic mountain views with Approx. 4 acres of land has endless possibilities with extra room to add a detached garage, a huge guest house, pool & spa, tennis court, basketball /sports court, playground and much more. Interior features bright and open floor plan, 5,066 sq. ft. ,5 bedrooms,4 baths, constructed in 2002 with sensational high quality finishes throughout ,spectacular resort-style outdoor sitting area with magnificent mountain views and so much more.This residential income opportunity features a NNN lease with monthly income of $14,000 Cap Rate of 6.22% and currently is in the fourth year of a ten-year lease term with a five-year option. The tenant is an established Drug & Alcohol Rehab & Treatment Center which is holding a sub cense Abuse Drug & Alcohol license & certification approved by state of California and Federally holding JCAHO, Joint Commission on Accreditation of Healthcare Organizations. This property may be purchased individually or a portfolio sale, 415 Westlake Blvd(next door, MLS# SR20200563) listed at $4,750,000 NOI: $252,000 Cap Rate: 5.30%. A new lease contract can also be arranged upon close of escrow.
-
5BEDS
-
3.8ACRES
-
4BATHS
-
01/2 BATHS
-
5,066SQFT
-
$533$/SQFT
Description
This is A Once-in-a-Lifetime Investment Opportunity to acquire a single tenant 100% absolute triple net leased property in Malibu, one of the most significant & prestigious residential compounds in the United States. This exceptional and unique gated home with complete privacy and explosive unobstructed panoramic mountain views with Approx. 4 acres of land has endless possibilities with extra room to add a detached garage, a huge guest house, pool & spa, tennis court, basketball /sports court, playground and much more. Interior features bright and open floor plan, 5,066 sq. ft. ,5 bedrooms,4 baths, constructed in 2002 with sensational high quality finishes throughout ,spectacular resort-style outdoor sitting area with magnificent mountain views and so much more.This residential income opportunity features a NNN lease with monthly income of $14,000 Cap Rate of 6.22% and currently is in the fourth year of a ten-year lease term with a five-year option. The tenant is an established Drug & Alcohol Rehab & Treatment Center which is holding a sub cense Abuse Drug & Alcohol license & certification approved by state of California and Federally holding JCAHO, Joint Commission on Accreditation of Healthcare Organizations. This property may be purchased individually or a portfolio sale, 415 Westlake Blvd(next door, MLS# SR20200563) listed at $4,750,000 NOI: $252,000 Cap Rate: 5.30%. A new lease contract can also be arranged upon close of escrow.
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-24T00:25:52.227. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.