Bought with Janice Hodges • Timothy Toye & Associates
$475,000
$475,000
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2,277 SqFt
SOLD DATE : 05/13/2021
Key Details
Sold Price $475,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 2,277 sqft
Price per Sqft $208
MLS Listing ID 22007678
Sold Date 05/13/21
HOA Y/N Yes
Year Built 1985
Property Sub-Type Office
Property Description
Solid main stucco building Fully leased for 14 years as a dentist facility with reception, six operatories, staff lounge with kitchen, two bathrooms and private offices. Additional corner lot on a separate parcel with future development potential currently used as a parking lot for the tenant. Fully owned solar panels. Generator. Quality facility, with no deferred maintenance, on a high profile street in Lake County's busiest town with steady predictable long-term income, no vacancy, minimal management needed, and a cap rate of 7%, plus annual CPI adjustments. About as good as it gets for a commercial investment.
Location
State CA
County Lake
Area Lake County
Zoning Commercial
Interior
Heating Central, Electric, Solar Heating
Exterior
Utilities Available Backup Generator, Cable Connected, DSL Available, Internet Available
Roof Type Composition
Building
Lot Description Corner
Sewer Public Sewer
Water Public
Others
Special Listing Condition None
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