 |
| Summary |
|
| Price: |
$450,000 |
| Terms: |
All Cash |
| 2012 CAP Rate: |
9.42% |
| Cash-on-Cash: |
9.42% |
| Lease: |
50 years |
| Lease Escalations (Year): |
11, 21, 31 |
| Commencement Date: |
December 2008 |
| Year Built: |
2008 |
| APN: |
0229-271-34 |
| Lessee: |
Lamar Advertising Co. |
| Sign Direction: |
All view |
| Type: |
Digital/Lighted |
| Location: |
Interstate 15 Freeway (west side) |
| City: |
Rancho Cucamonga, CA |
| County: |
San Bernardino |
|
Lease Summary
| Year |
1-10 |
11-20 |
21-30 |
31-50 |
| Monthly Income |
$3,600 |
$4,200 |
$5,000 |
$6,000 |
| Annual Net Income |
$43,200 |
$50,400 |
$60,000 |
$72,000 |
| Lease Value |
$432,000 |
$504,000 |
$600,000 |
$1,440,000 |
|
Property Description
Sign construction was completed in 2008
Major Tenant
Lamar Advertising Company, a publicly traded stock (LAMR), is the nation’s leading and largest outdoor advertising complany. In business for over 100 years, Lamar leads the market in inventory with more than 155,000 outdoor advertising locations in the U.S.
Location
The sign is located in the City of Rancho Cucamonga, County of San Bernardino, California adjacent to the Interstate 15 freeway. It is located on the west side of the freeway facing southbound traffic, south of the Foothill Blvd. exit and north of the 4th St. exit.
Surrounding Area
Rancho Cucamonga, and the surrounding area, is the ideal
location for nationwide and local advertisers to benefit from
and to target the diverse and prosperous communities in the
Inland Empire.
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No
warranty, express or implied, is made as to the accuracy of the
information contained herein. This information is submitted subject to
errors, omissions, change of price, rental or other conditions,
withdrawal without notice, and is subject to any special listing
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buyers, tenants and other parties who receive this document should not
rely on it, but should use it as a starting point of analysis,
and should independently confirm the accuracy of the information
contained herein through a due diligence review of the books, records,
files and documents that constitute reliable sources of the information
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