MLS #200552 (Status: Active)

Positioned as a value-add opportunity, this 8,550 SF multi-tenant commercial property offers a mix of retail, office, and warehouse space with strong upside potential. The property is currently configured into five units, totaling approximately 4,550 SF of retail/office space and 4,000 SF of warehouse space. Three units are leased, one is owner-occupied, and one is available for lease—providing both immediate income and lease-up potential.  Current tenants include Freeway Insurance (973 SF), TMC Collision and Hail Repair (1,800 SF), and Dream Shack Toys & Collectables (2,422 SF), offering a stable mix of service and retail users. Based on existing operations and underwriting a conservative 10% vacancy factor, the property is projected to deliver an approximate 7.8% return, notably without assigning any income value to the owner's 1,800 SF warehouse space.  The asset provides upside through strategic renovations and lease optimization, with projected stabilized cap rates exceeding 10% long term. Spaces vary in condition, allowing an investor to implement targeted improvements and capture rental upside. All suites, with the exception of the owner's unit, are equipped with individual restrooms and separate electric meters, enhancing tenant functionality and flexibility.  This is an ideal opportunity for an investor seeking a partially stabilized asset existing income, lease-up potential, and significant long-term yield growth.