Value Add Investment: 2 Commercial Office Buildings off Mooney

3200 S Fairway St, Visalia, CA

$1.30/sqft/mo

Price

6.29%

Cap Rate

$47,142.78

NOI

Gallery
Street
Map
Overview
Cap Rate
6.29%
NOI
$47,142.78
Building Size
6,160 sqft
Lot Area
0.523 acres
Class
B
Units
8
Year Built
1980
Floors
1
Description

±610 SF of General, Professional, and/or Medical Office space available for lease one block off Mooney Blvd! 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, HVAC's and foam roof are less than 10 years old, full exterior lit private parking (24 spaces plus street), excellent existing corner signage, great visibility and easy access to CA-198 and CA-99 on/off ramps.

Prime location just northeast of Visalia' s main retail corridors, Mooney Boulevard and W Dorothea Avenue, 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 and Whitendale, East of Highway 99 and Mooney Blvd, West of S Court St, and North of Caldwell Ave.

Highlights
  • Rent Growth Of Under-Market Remaining Units
  • 7.92% Cap & 10.03% Cash-on-Cash Return After Stabilized
  • Long-Term Tenants | Low Turnover | Low Maintenance
  • Quality Construction | Well Maintained | Economical Spaces
  • Cash Cow To Produce $72K In Rents ($11.80/SF/Yr)
  • Long Term Tenants w/ Upside Potential Via Leasing
  • Functional Hard To Find Small Spaces | Easy 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
  • Excellent SBA Loan Candidate w/ Built In Passive Income
  • Low Maintenance, Updated Flooring, and Economical Spaces
  • Well-Known Freestanding Office Building @ Corner Location
  • Ample Parking and Mature Landscaping
1 Space Available

#A

Available:
Immediately
Sublease:
No
SQFT
610
Lease Rate:
$1.30/sqft/mo
Lease Type:
Gross

Open Area w/ (3) private offices/rooms.

Documents
Location
Gallery