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Note
Investment Opportunity - Freestanding Warehouse Spaces
Listing was updated at: 11/05/2018
Property Overview
Price/Rent PSF $ 630,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 9,576
Date Available 11/05/2018
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Description

Location
This property is well located on Main Street just south of the Highway 190 Exit, east of Highway 65, west of Plano Street and north of Gibbons Avenue in Porterville.

Sale
Four Freestanding buildings totaling ±9,576 SF spread throughout 5 suites on 2.00 Acres of Land (87,120 SF). Consists of 6, long term tenants all with great, upside potential. Currently 100% occupied: value-add investment by renewing current tenants on longer term leases or an Owner/User who can utilize a portion of the building and benefit from the built in passive income. Buildings and Land area are 100% leased bringing in $5,817.40 per month. Long term tenants who have historically signed 3-year leases; current leases have 6-10 months remaining. Each space features a functional space that each tenant has made substantial tenant improvements to. Each building has been well maintained and requires little management (concrete yard area). Spaces are equipped with plenty of power, ground level roll up doors, restrooms, sky lights, air vents, evaporative coolers, heaters and security.

Location

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