Standalone Building with Drive-thru and Parking

2245 North Street, Anderson, CA

IN CONTRACT

$695,000

Price

11,188 sqft

Building Size

1.65 acres

Lot Area

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Street
Map
Overview
Building Size
11,188 sqft
Lot Area
1.65 acres
Year Built
1977
Description

Almost 8.3% cap rate at below market rents! Former Bank of America building available for sale or lease on busy North Street in Anderson, CA. This 11,188 square foot standalone building has approximately 9,000 on the first floor and an additional 2,188 square feet available on the 2nd floor. The property includes an expansive parking lot and existing multi-lane drive-thru. Priced to sell at just $62/sf, or lease it for just $0.65/sf modified gross, that's less than industrial space! With asking rent, list price comes in just under 8.3% cap rate.

I-5 Exit on North Street heading West. Property will be on the left hand side just before the intersection of North Street and Martha Street

Highlights
  • Standalone building with multi-lane drive-thru
  • Over parked with just under 70 parking spots
  • Priced for sale well below market at just $65/sf
  • Just under a 8.3% cap rate at below market rents
Documents
Location
Gallery