28118 dorothy drive
AGOURA HILLS, CA 91301
PRICE
$2,900,000
BUILDING SIZE
9,323 SF
LOT SIZE
9,916 SF
CAP RATE
PRICE/SF (BLDG)
PRICE/SF
(LAND)
4.68%
$311
$125
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 28118 Dorothy Drive, a 9,323 SF multitenant auto repair asset situated on 0.53 acres of land (23,125 SF), ideally located just off the 101 Freeway via Chesebro Road in Agoura Hills, CA.
28118 Dorothy Drive is a thirteen (13) bay auto repair property 100% occupied by four (4) seasoned tenants on short term leases. Because all tenants are either on month-to-month leases or leases expiring within six (6) months, the property is ideal for an owner-user looking to occupy a portion or all of the property or a value-add investor looking to reposition the property with a stabilized tenancy.
The subject property is located one parcel east of the on and off ramps to the 101 Freeway’s 166,000 vehicles per day. 28118 Dorothy Drive enjoys approximately 115 feet of linear frontage along Dorothy Drive with excellent visibility to on and off coming freeway traffic.
The site currently generates $15,402.50 per month ($1.61/SF) or $184,830.00 annually. While the tenants are on a mix of industrial gross and modified gross leases, ownership is not currently enforcing any CAM collection or expense reimbursement. An astute investor may elect to reposition the tenants or, more simply, enforce the current leases to raise the day one income.