All Forum Posts by: Kerry Norris Jr

No. I'm actually flipping the deal. If I had the funds, I would close on it myself and re-purpose the property based on comps in the area. So I'm currently looking for an investor with some experience in the industry.

Asking = $2,680,000 $279/sqft

Comps ~ $500/sqft

Remodeled in 2012

Seems like a good deal.. But how can I be sure? This is my first time dealing in commercial. Is the cap rate important. Business is in the red so a P&L seems kind of pointless. Any advice is greatly appreciated. What are the essentials I need to determine if it's worthwhile?

9,600 SF Retail Building Offered at $2,680,000

Completely equipped and ready to operate with built in clientele. Includes Approx. 1,500 of Mezzanine not accounted for in the price. Renovated in 2012. This building is currently being used as a Restaurant and can be used as a Sports Bar and separately an additional Restaurant, each with their separate Bars, and separate bathrooms, a must see, and or Banquet halls. So many possible uses, it currently has Liquor License and entertainment permit, it is ideally located, on busy street, not too far from the 60 Fwy and 57 Fwy as well as the 5 Fwy. On a price per square foot basis ($279) vs comps, This is a great opportunity for a savvy investor. Seller is ready to clear out ASAP and willing to carry 2nd Trust Deed

Serious inquiries only please

310-427-1362

Does anyone have an idea of how much a demo costs in the Los Angeles area? Also any knowledge about permits, zoning, etc. would be helpful.

Thanks