Fully Leased Investment: 8,208 SF Retail + Warehouse Buildings
Listing was updated at: 04/24/2019
Property Overview
Price/Rent PSF $ 450,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 8,208
Date Available 04/17/2019
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Description

Location
Property is located in East Visalia a few blocks off of HWY 198. Property is north of Houston, east of Burke Street, south of Sweet Avenue, and west of North Ben Maddox Way.

Sale
Leased Freestanding buildings totaling ±8,208 SF of retail in the front and commercial service in the rear. Cash Cow offering stabilized current rents with long term tenants. 8.62% existing rate of return after actual expenses with upside in increasing rents throughout the term and leasing existing vacancy (see income/expense breakdown). Property to be delivered free and clear; new owner can take advantage today's low rates to leverage capital (30% down results in a 12.37% cash-on-cash). 4,752 SF ground floor, 1,536 upstairs, 3 warehouse @ 528 SF; 1 warehouse @ 336 SF. Great visibility, convenient parking & easy access to Highway 198 on/off ramps. Many front parking spaces available and excellent existing signage.

Location