Investment Property

Fully leased commercial building. Building is equipped with forced air heating and cooling systems throughout, ensuring a comfortable environment year-round. It includes 100 parking spaces, ADA compliant elevator and a brick exterior as well as an average daily traffic count of 18,600. This well-appointed space is ideal for retail businesses.

Turn Key Spa and Salon included in this sale.
Casablanca Hair and Skin Care Inc.
The Casablanca Salon is 51 years old. It rents space to dozens of hair stylists and nail techs. It occupies the entire 6500 square feet of the second floor. It is done in a timeless Art Deco style with extensive use of lass block, chrome ceiling, and marble floors. The buildout is estimated to be in the $300,000 range. The furniture, fixtures and inventory has an actual cash value over $100,000.
The salon generates about $175,000/year and the infrastructure is in place and there is plenty of room for expansion with no further buildout expense.
Casablanca Hair and Skin Care FF&E not included in this sale.

Sale Price: $2,200,000
CAP Rate: 8.42%
refer to property brochure for financials