596 north lake avenue, sale
DESCRIPTION
Property For Sale. John Alle CompanyTRANSCRIPT
All information contained herein is from sources deemed reliable but has not been verified and is submitted without any warranty or representation, expressed or implied, as to its accuracy, and John Alle Company assumes no liability for errors or omissions of any kind,
change of price, rental or other conditions, including, without limitation, prior sale, lease or financing or withdrawal without notice. This presentation is for information only and under no circumstances whatsoever is to be deemed a contract, note, memorandum or any
other form of binding commitment.
FOR SALE OWNER-USER PROFESSIONAL OFFICE BUILDING
With Multiple Tenants in Place
596 North Lake Avenue, Pasadena (east side of street between Villa and Orange Grove)
Approximate Gross Building Area: Approximately 7,500 square feet.
Approximate Rental Area: Approximately 6,034 square feet.
Approximate Land Size: Approximately 11,918 square feet.
Parking: Ample covered and surface spaces at rear.
Existing tenants include Unique Home Health Services and Jacmar Shelving. All leases are
intentionally short term.
* Source City of Pasadena
John E. Alle
626 795-1511 (office) 310 990-7124 (cell)
All information contained herein is from sources deemed reliable but has not been verified and is submitted without any warranty or representation, expressed or implied, as to its accuracy, and John Alle Company assumes no liability for errors or omissions of any kind,
change of price, rental or other conditions, including, without limitation, prior sale, lease or financing or withdrawal without notice. This presentation is for information only and under no circumstances whatsoever is to be deemed a contract, note, memorandum or any
other form of binding commitment.
FOR SALE OWNER-USER PROFESSIONAL OFFICE BUILDING
With Multiple Tenants in Place
596 North Lake Avenue, Pasadena
Available Suites and Sizes: Front Building –
Suite 204: 453 RSF (large room and one smaller office)
Suite 205: 328 RSF (2 small adjoining rooms)
Men’s and women’s restrooms, kitchen (with dishwasher
and refrigerator, table and chairs on 2nd
floor).
Rear Building –
Suite 301: 532 RSF on 2nd
floor (one large room with multiple windows)
Restroom, kitchenette, sink and counters shared with adjacent suite.
Purchase Price: $1,875,000
Income and Expenses and Floor plans available
For a tour of the property contact:
John E. Alle
626 795-1511 (office) 310 990-7124 (cell)
596 North Lake Avenue Building
Tenant Unit USF/RSF Rent $/SF Lease Ends
Unique Home Health
100 2,123 $4,072.30 1.92 September 2010
SEEK
200 258/328 $492.00 1.50 October 2010
Dynamic Health Care
201 401/513 $998.40 1.95 Month-to-Month
Jacmar Shelving
303 440/500 $583.50 May 2010
All information contained herein is from sources deemed reliable but has not been verified and is submitted without any warranty or representation, expressed or implied, as to its accuracy, and John Alle Company assumes no liability for errors or omissions of any kind,
change of price, rental or other conditions, including, without limitation, prior sale, lease or financing or withdrawal without notice. This presentation is for information only and under no circumstances whatsoever is to be deemed a contract, note, memorandum or any
other form of binding commitment.
596 North Lake Avenue Building
Jan - Dec 09
Ordinary Income/Expense
Income
Interest Income (Interest from Bank) 35.37
Rent Income (Rent from Tenants 596 N Lake) 87,339.57
Total Income 87,374.94
Expense
Banking Service Charges 141.34
Fees and Licenses 229.19
Insurance Expense 1,561.10
Landscaping and Groundskeeping 1,200.00
Loan Interest 596 N Lake 77,133.18
Maintenance 3,623.13
Postage and Delivery
17.82
Real Estate Commissions 707.95
Repairs and Maintenance (Incidental repairs and maintenance
of business assets that do not add to the value or appreciably prolong its life) 3,309.00
Taxes (Taxes Paid) 20,201.00
Trash Disposal 1,178.39
Utilities (Water, electricity, garbage, and other basic utilities expenses) 6,586.02
Total Expenses 115,888.12
Net Ordinary Income -28,513.18
All information contained herein is from sources deemed reliable but has not been verified and is submitted without any warranty or representation, expressed or implied, as to its accuracy, and John Alle Company assumes no liability for errors or omissions of any kind,
change of price, rental or other conditions, including, without limitation, prior sale, lease or financing or withdrawal without notice. This presentation is for information only and under no circumstances whatsoever is to be deemed a contract, note, memorandum or any
other form of binding commitment.