MCCORMICK PORFOLIO
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PRICE: $1,885,000

Unique Three Property Portfolio.

The McCormick Ambulance real estate portfolio is a well-positioned and unique real estate opportunity.  The portfolio consists of a diverse mix of three (3) properties, including a single-family residence, a mixed-use residential/retail property, and a duplex.  All three properties are currently on month-to-month leases with American Medical Response Group, a transportation ambulance company.  AMR would like to execute a new lease.  The properties will be sold “as-is”, with AMR on month-to-month leases for all three assets. All in all, this is a great opportunity to acquire three assets in different locations with a blended cap rate of 6.23% (assuming owner signs new lease with AMR.) 

 

3738 W. Imperial Highway, Inglewood, CA 90303, is a mixed-use, residential and retail property consisting of approximately 2,190 SF of building on an approximate 6,125 SF lot.  The subject property includes one (1) studio, one (1) 1 bedroom + 1 bath, a retail storefront, and a billboard.  Fifty percent (50%) of the property is currently occupied by American Medical Response Group, whom is on a month-to-month lease.  Tenant has expressed desire to execute a new lease. 

 

12903 Avalon Blvd, Los Angeles CA 90061 is a zoned duplex consisting of 1,795 SF of building on an approximate 5,306 SF lot.  The subject property is currently used as office space and parking for American Medical Response Group, whom is on a month-to-month lease. Tenant has expressed desire to execute a new lease. 

11184 California Avenue, Lynwood CA 90262 is a 2bd + 1ba single-family residence consisting of approximately 720 SF of building on an approximate 4,253 SF lot.  The subject property features a large parking lot behind the house that can park up to 8 vehicles. The subject property is currently used as office space and parking for American Medical Response Group, whom is on a month-to-month lease. Tenant has expressed desire to execute a new lease. 

$1,855,000 Purchase Price | Blended 6.23% Cap Rate (with new lease)
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Daniel Hirth

Managing Director

310.300.2838 Direct

818.201.5268 Mobile

Daniel@HirthGroup.com

License CA: 01515796

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Elijah Suval

Senior Investment Associate

310-300-3180 Direct

818-297-2828 Mobile

Elijah@HirthGroup.com

License CA: 02024364

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