Commercial property
Listing Agent: Mitchell Stark (DRE #01196532) · Listing Office: Berkshire Hathaway Home Services · Contact: (805) 969-5026 · Bought with: Non Non Member · Unknown Office · MLS #V1-16044 · Source: CRMLS
Single Tenant leased investment to excellent Vietnamese restaurant with over 6 1/2 years remaining on the lease and annual CPI rent increases. Mai's Vietnamese restaurant has operated successfully in this location for 13 years with excellent quality, good sized portions, and modest pricing. The building is in excellent condition with a recent $60,000 remodel by Tenant demonstrating their commitment to the location. Extremely low risk investment as tenant's rent is significantly below market. Good mid-town Ventura location near Ventura High School and 2 large, brand new, mixed-use projects. A true legacy asset as the property has been owned by the same family since the 1940's!
Listing description from the June 2023 sale, as reported to CRMLS.