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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30861841
30861843

1942 S Court St, Visalia, CA 93277

FS
01945331
Sierra View Realty
Listed by Sierra View Realty
$795,000
90 days on market
Updated 90 days ago

Court Street Office

Details
APN 097-281-061-000
Property Type Office
Sub Type Traditional Office
Square Footage 5,154
Net Rentable (SqFt) 5,154
Units 3
Cap Rate 6.79%
NOI $54,000
Occupancy 50%
Tenancy Multi
Lease Type Modified
Lease Term 5
Lease Expiration 04/30/2028
Remaining Term 1.9
Rent Bumps Yes
Lease Options Renewal for 3 more years upon expiration
Pro-Forma Cap Rate 9.81%
Pro-Forma NOI $78,000
Price per SqFt $154
Broker Co-Op Yes
Year Built 1979
Year Renovated 2
Buildings 1
Stories 2
Lot Size (SqFt) 13,873
Zoning Office
Parking Spaces 12 spaces
Parking Per SqFt 2.33
Investment Type Value Add
Tenant Credit Franchisee
Lease Commencement 05/01/2023
Occupancy Date 01/01/2010
Ground Lease No
Ownership LLC
Sale Condition 1031 exchange

Office | 6.79% CAP | 5,154 SqFt

Marketing description

Prime Office Building for Sale – 1942 South Court Street, Visalia, California

Welcome to an exceptional investment opportunity located in the heart of Visalia. This spacious office building offers a total of 5,154 square feet and is designed to accommodate diverse business needs.

Property Highlights: - Two-Story Building: Featuring a well-structured layout with both a fully occupied bottom floor and a vacant top floor.

Bottom Floor: Currently leased with long-term tenants, providing stable income with 2 years remaining on the lease with any option to renew for 3 additional years. -

Top Floor Features: This level is completely vacant and ready for immediate occupancy, comprising: - 6 Individual Offices: Ideal for private work or client meetings. - 2 Lobbies: Welcoming entry areas that can serve as reception spaces. - 1 shared Restroom: Convenient access for employees and visitors. - 2 Break Rooms: Comfortable spaces for relaxation and meals. This property presents an excellent investment opportunity. You can choose to occupy the top floor and benefit from the income generated on the bottom floor or lease out the entire building to maximize rental revenue. Don’t miss your chance to own a versatile space in a prime location. Contact us today for more information or to schedule a viewing.

Listing Contacts

FS
01945331
Sierra View Realty
Listed by Sierra View Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$54,000.00
$4,500.00/mo

Valuation Metrics

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DSCR
6.79%
Cap Rate
6.79%
ROI

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