Listed by Meagher & Tomlinson
$2,889,000
423 Fourth Street
Details
APN 010-176-010, 010-176-012
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 19,901
Net Rentable (SqFt) 14,330
Units 18
Occupancy 58%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 6.00%
Pro-Forma NOI $173,367
Price per SqFt $145
Class B
Year Built 1927
Year Renovated 1980
Stories 8
Acreage 0.364
Zoning C2
Parking Spaces 26 spaces
Parking per 1,000 SqFt 1.31
Investment Type Owner/User
Office Investment or owner/user-19,901 SqFt-8 stories-Superb Views
Marketing description
This exclusive key fob secured eight story office building is the tallest building in the area and provides the most majestic views available in the entire region. Occupants have superb views of the Sutter Buttes, Yuba River, Feather River, Historic Marysville Cityscape, Ellis Lake, Sierra Nevada Mountain Range, Coastal Mountain Range.
Superb Downtown Location is a short walk to several fantastic downtown Restaurants & Entertainment venues, Adventist Health Rideout Hospital and Offices, City Hall, Yuba County Courthouse and the Yuba/Feather River and more!
Investment highlights
- Eight stories
- 360 degree Views. The best city scape and mountainous views in the area.
- New Elevator
- New Flat Roof(s)
- New Fire Alarm system
- Professionally maintained facility
- Currently fifty-eight percent occupied
- Set of Restrooms on every odd floor
- New roof coverings on flat roofs over Floor 1
- Each floor is separately metered for Gas and Electric
- Interior Stairwell serves each floor centrally with access to two separate suite doors per floor, Elevator on each floor and restrooms on each odd floor
- Large Metal stairwell (emergency stairwell)
- Two Parcels: 010-176-010 is 0.1152 Ac. (Building) and 010-176-012 is 0.249 Ac. (Parking Lot)
- Seller Owned Solar System on Carport Structure
- Property is listed National Register of Historic Places: Name: Hart Building (Brown or Nagler Building) NHRP listing date: January 28, 1982 Reference #: 82002285
Listing Contacts
Listed by Meagher & Tomlinson
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