±6,818 SF Building For Sale in Downtown - Owner/User 0r Investment
Listing was updated at: 04/17/2019
Property Overview
Price/Rent PSF $ 865,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 6,818
Date Available 04/17/2019
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This property is located north of Dewey Street, east of Redington Street, south of Center Street and west of N Irwin Street in downtown, Hanford, California. Subject is in quaint downtown, Hanford just a block from well known Superior Dairy Ice-cream and across the street from Civic Center Park.

±6,818 SF Freestanding Professional Office Building: opportunity for owner/user or investor to extend the lease with the existing tenant, Adventist Health. The tenant, which dates back to 1866, uses this facility as office accommodation for their 199-bed hospital in Hanford located 1/2 mile north. Their lease is at $7,250 per month income (Modified Gross) until December, 2019, allowing an investor to extend or an owner/user to occupy in December 2019.

Building Description:
Freestanding office with a private parking lot, well-maintained yard, and professionally maintained building. Property offers multiple private offices, reception area, generous break room, storage, and private restrooms. Property is positioned toward the front to offer 29 rear and 7 street parking spaces, and street signage. Prewired for Comcast or AT&T Uverse high speed Internet computer server.

Lease Details:
Adventist Health has occupied the space since 1999 and is in their fourth corporate guaranteed lease extension through 2019 with no termination clause. The tenant just completed a extensive remodel in 2017, showing their commitment to the market and location. The vibrant downtown of Hanford attracts various quality tenants surrounding the location bringing great synergy for Adventist Health to flourish. Well known and established office building in a highly traveled area off the "Main and Main" of Downtown Hanford.

Tenant Information:
Adventist Health is a not-for-profit health care organization which operates facilities throughout the western U.S. states of California, Hawaii, Oregon, and Washington. Adventist Health has 28,600 employees and operates in keeping with the values and health heritage of the Seventh-day Adventist Church. As of 2018, the system includes 19 hospitals, headquartered in Roseville, CA.