

MEIER BUILDING
Office | 6.44% CAP | 22,005 SqFt
Marketing description
The subject property is an approximately 22,000 SF mixed-use office and retail property ,originally built as an auto dealership in 1921. This concrete and steel building has been extensively remodeled in 2016-17 to include new, state-of-the-art energy efficient heating and air, new roof, all new plumbing and new electrical systems. The building is unquestionably one of the finest office buildings in Woodland and was awarded a Historic Preservation award in 2018 by the City of Woodland.
The property is located ½ block from Main Street at the intersection of College Street and Bush Street. Easy walking distance to restaurants and shops. Current tenants include WSR Insurance Company, Portalupi Orthodontics, NorCal Performance Physical Therapy, Nick Sadek/Homestead360 Real Estate Services, Valley Vision Optometry, AC Photography and Earthbound Ceramics.
Currently, there is approximately 1,038 rentable square feet available for lease to an owner-user, or new tenant and significant upside if converting storage spaces to rentable square footage.
Investment highlights
EASY TO MANAGE
COMPLETELY RENOVATED DURING 2016-17
½ BLOCK FROM MAIN STREET
PUBLIC PARKING LOT ACROSS THE STREET
95% LEASED TO A DIVERSIFIED AND INTERNET PROOF TENANT BASE
GREAT 1031 TAX-DEFERRED EXCHANGE PROPERTY
UPSIDE VIA CONVERTING STORAGE TO RENTAL SPACES
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