Value Add Investment: Commercial Office/Retail Spaces off Mooney

2005 W Ashland Ave, Visalia, CA

   SOLD!   

$1.25/sqft/mo

Price

7.25%

Cap Rate

$60,877.20

NOI

Gallery
Street
Map
Overview
Cap Rate
7.25%
NOI
$60,877.20
Building Size
5,100 sqft
Lot Area
0.253 acres
Class
B
Year Built
1981
Floors
2
Description

1 suite consisting of ±625 SF. Great potential for either General, Professional, or Medical Office space off Mooney Blvd on Ashland Ave. Clean office spaces with fresh paint, newer flooring, and move-in ready! Each unit has access to high speed Internet, is separately metered, has private restrooms, private entrances, and consists of demising walls (can be combined). Brand new asphalt slurry coat, newer HVAC's, full exterior lit private parking (17 spaces plus street), excellent existing corner signage, great visibility and easy access to CA-198 and CA-99 on/off ramps. Direct Mooney Blvd visibility and access.

Prime location just 2 doors east of Visalia' s main retail corridors, Mooney Boulevard and across from Visalia Mall, which is one of the busiest intersection in Visalia. Positioned at a highly visible, easily accessible, and major recognizable corridor in the heart of Visalia. Easy access from surrounding major corridors. Within 1 mile there is approximately 2 million square feet of retail and office space, making this the regional office and retail destination for residents in Tulare County. Subject is South of CA-198, East of Highway 99, and West of S Court St.

Highlights
  • Rent Growth Of Under-Market Remaining Units
  • Long-Term Tenants | Low Turnover | Low Maintenance
  • Quality Construction | Well Maintained | Economical Spaces
  • Functional Hard To Find Small Spaces | East To Rent
  • Requires Little Management or Maintenance
  • Easy Access | Separate Suites | Multiple Configurations
  • Ample Parking, Quality Tenants, & Great Exposure
  • Building Equipped w/ Separate HVAC's & Meters
  • Listed BELOW Current Tax Assessment
  • Excellent SBA Loan Candidate w/ Built In Passive Income
  • Low Maintenance, Updated Flooring, and Economical Spaces
  • Well-Known Freestanding Office Building Off Corner Location
  • Ample Parking and Mature Landscaping
1 Space Available

2005 W Ashland Ave #F

Available:
Immediately
Sublease:
No
SQFT
625
Lease Rate:
$1.25/sqft/mo
Lease Type:
Gross

Open area & private restroom.

Documents
Location
Gallery