Listed by Marcus & Millichap - Sacramento, Marcus & Millichap - Palo Alto
$725,000
Downtown Woodland Retail Strip Center
Details
APN 006-571-001
Property Type Retail
Sub Type Storefront
Square Footage 3,100
Net Rentable (SqFt) 3,100
Units 3
Cap Rate 8.00%
NOI $57,896
Occupancy 32%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 8.00%
Pro-Forma NOI $57,896
Price per SqFt $234
Broker Co-Op Yes
Class C
Year Built 1928
Year Renovated 2007
Buildings 1
Stories 1
Acreage 0.120
Zoning Downtown Core DX-1
Parking Spaces 4 spaces
Parking per 1,000 SqFt 1.29
Investment Type Value Add
Ground Lease No
Ownership fee simple
Retail | 8.00% CAP | 3,100 SqFt
Marketing description
This multi-tenant retail building is equipped with 3 seperate spaces with +/-1,000 sq. ft. space leased to a local Mexican restaurant. The other spaces +/-1,000 sq. ft. & 1,100 sq. ft.) are contiguous and would be ideal for an owner/user.
This property is located at the signalized corner of Main Street & 3rd Street with 4 on-site parking spaces and near a city parking lot along with available street parking. City of Woodland is the county seat of Yolo County located approximately 15 miles northwest of Sacramento. The city population is reported at 63,691 residents.
Investment highlights
- Attractive Proforma CAP rate of 8.0%
- Corner location at signalized intersection
- Priced Below Replacement Costs
- Excellent owner/user opportunity
Listing Contacts
Listed by Marcus & Millichap - Sacramento, Marcus & Millichap - Palo Alto
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$57,896.00
$4,824.67/mo
Valuation Metrics
0
DSCR
7.99%
Cap Rate
7.99%
ROI
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