Prime ±13,765 SF Fully Leased Office Building

Highlights:

• 8.04% Cap & 11.23% Cash-on-Cash Return After Stabilized
• 2020 Turnover Of 1 Unit Leased In Under 30 Days
• Functional Hard To Find Medical Spaces | Easy To Rent
• Cash Cow Producing $240,777.36 In Rents
• Long-Term Tenants | Low Turnover | Low Maintenance
• Quality 97' Construction | Well Maintained | Economical Spaces
• Long Term Tenants w/ Upside Potential Via Leasing
• Rent Growth Of Under-Market Remaining Units
• Requires Little Management or Maintenance
• Easy Access | Separate Suites | Multiple Configurations
• Ample Parking, Quality Tenants, & Great Exposure
• Building Equipped w/ Separate HVAC's & Meters
• Excellent SBA Loan Candidate w/ Built In Passive Income
• Low Maintenance, New Flooring & Paint, and Economical Spaces
• Well-Known Freestanding Office Building @ Corner Location
• Ample Parking and Mature Landscaping

Description:

±2,000 SF of general/medical/professional office space located off Kings County Dr. & Lacey Blvd in Hanford, CA. There is 1 space available that includes: (5) private offices, large conference room, waiting & reception area, full kitchen, storage room, & restrooms. There is ample private parking on all sides of the building. These office spaces are located in a well-known office building with a beautiful exterior courtyard and mature landscaping. The property is surrounded by a great mix of tenants & a daytime population of ±106,592 within a 10-mile radius.

Attractive freestanding office building located within the well maintained office complex of Lacey Medical Plaza just North of Hanford Armona Rd, East of 13th Avenue, South of W Grangeville Blvd and West of N 11th Avenue in Central Hanford. Hanford, California, in Kings county, is 19 miles W of Visalia, California (center to center) and 29 miles S of Fresno, California. The city is situated in the south central portion of the San Joaquin Valley and is regarded as a prominent commercial and cultural center for the region. The municipality features a flat landscape, hot summers and cool winters. It includes a large Hispanic population and a Chinese community. Services, government and farming are the primary employers. A large number of residents work at the nearby NAS Lemoore, a large U.S. Navy base and the nearby prisons.

1 Space Available

Documents: