Description
This very well maintained warehouse building is available for sale. Included at the price of $4.7M is all improvements, including the sound equipment, camera equipment, recording equipment, lighting, furnishings, fixtures and permits. At a price of $4.3M the seller is willing to lease back the music venue at $1.15 per foot for three years, maintaining all improvements, including the sound equipment, camera equipment, recording equipment, lighting, furnishings, fixtures. At this rate the building would have over a 6.5% cap rate. At a price of $3.95M the seller will remove all sound and camera equipment, lighting, recording equipment, furnishings and fixtures from music venue. This is the current location of the Rock Star University's HOUSE OF ROCK which is arguably the finest, intimate rock venue on the entire West Coast. This facility is a fully permitted, TURN KEY, state of the art concert venue, soundstage, and production facility which features the finest in industry standard equipment, beer and wine license, plenty of parking, and can remain open until 2AM each day. HOUSE OF ROCK consists of approximately half of the buildings space. In the other unit (both separately metered) there is a very nicely finished collector car storage warehouse area with a DMV Wholesale Dealers License attached to the address. Each unit has two at grade roll up doors with easy access. Zoned IL offering many potential uses. State-of-the-art recording studio equipment, stage, lighting, venue furnishings, restaurant equipment, video and recording equipment all available separately.
