CHP JAMESTOWN
Office | 6.00% CAP | 4,137 SqFt
Marketing description
18437 5th Ave in Jamestown is an excellent opportunity to invest in a State of California guaranteed lease at very attractive pricing.
This office building was built in 1974 specifically for the California Highway Patrol, and the agency has occupied it ever since. The facility is located directly adjacent to Highway 108, one of the major highways that runs through the Northern California Foothills and it's territory covers most of Tuolumne County.
Demonstrating their commitment to the location, the State executed a new eight-year lease commencing January 1, 2025, with rental increases each year. The firm term of the lease runs through December 31, 2028.
The building is in good condition, and as a condition of the lease renewal, the owner performed several repairs and updates. A partial list includes new paint, new window coverings, and resealing/restriping the parking lot.
Investment highlights
- State of California guaranteed lease at very attractive pricing
- Built in 1974 specifically for the California Highway Patrol
- Agency has occupied the property ever since
- Located directly adjacent to Highway 108, major highway through Northern California Foothills
- Territory covers most of Tuolumne County
- New eight-year lease commencing January 1, 2025, with rental increases each year
- Firm term of lease runs through December 31, 2028
- Building is in good condition
- Owner performed several repairs and updates including new paint, new window coverings, and resealing/restriping the parking lot
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