Condominium buy in Compton California

Property is a single tenant commercial property in the City of Compton. This property is located on the signalized corner of Long Beach Blvd and Myrrh St. The building is a 2-story former bank building that is currently leased to a Dialysis Center, a joint venture by one of the largest providers of kidney care services. The tenant has an initial 10-year term with 3 additional options for 5 yrs at Fair Market Value rents. The initial term has annual increase. The tenant pays their base rent with NNN each year. There is a Cell Tower lease with T-Mobile. This lease has 3% yearly increase with 7 options of 5 year each. Property is directly across from Numero Uno Market, O'Reilly Auto Parts and Bank of America. Long Beach Blvd is a major thoroughfare with various retailers that are local and national companies like Rite Aid, Mc Donald's, Dominos Pizza, and more. MLS® ID: PW22162979 Listed: 7/23/22 Updated: 9/29/22 Interior Features Total Bedrooms: 0 Total Bathrooms: 0 Laundry Description: None Exterior/Building Features Lot Size: 0.75 acres lot Lot Details: Corner Lot, Level Other Property Details Area Name: 699 - Not Defined Garage: No Parking: N View: N County: Los Angeles Water Source: Public Pool: No Total Stories: 2 Property History Date Event Price Value 9/26/22 Price Change $3,825,000 -3% Listed by Carlos Skubacz, RE/MAX 2000, Based on information from California Regional Multiple Listing Service, Inc. as of 9/29/22. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.