Oakhurst Plaza
Hospitality
Marketing description
Calling all investors! This is an excellent opportunity for investors to re-position the Junction Plaza and Oakhurst Plaza to maximize on returns. With a new Anchor Tenant in place at the Junction Center and most leases under market rent you have the ability to bring these two properties to their full potential. With only one vacancy in the combined 25 Units, the Oakhurst and Junction Plaza offer these properties a high Cap Rate for the price.
These two properties have not been on the market since they were built by the current owner and have been well maintained and self-managed for decades.
Property must be sold in concomitance with Junction Plaza (see other listing for details on this property).
Investment highlights
Purchase Price: $1,050,000
Capitalization Rate: 5.22% Year 1
Capitalization Rate: 7.66% Year 2
Net Operating Income: $54,785
Building Size: 7,000 SF ($150/SF)
Lot Size: 19,602 SF ($53/SF)
First Time on the Market in Decades
Approx. 9 Tenant Strip Center
23 Onsite Parking Spaces
Original Owner / Developer
Strong Signage Opportunity
Below Market Rents
Value Add Opportunity
Healthy Blend of Tenants
Located on Main Road in Town
Last Town Before Yosemite
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