131-137 Placerville Dr - Auto Repair FOR SALE


Placerville, CA 95667
$1,650,900 USD
916-569-2380
131-137 Placerville Dr, Placerville, CA for Sale
$1,650,900 USD
Auto Repair - FOR SALE
1/11
null | 7.01% Cap Rate

131-137 Placerville Dr
Placerville, CA 95667


HIGHLIGHTS

  • Ideal for an investor seeking an asset that is easy to manage and has a history of stable tenancy
  • Modified Gross leases with Tenants paying proportionate share of operating expenses
  • Situated on the retail corridor of Placerville Drive with a strong history of very low vacancy

OVERVIEW

Price correction on this fully leased, freestanding multi-tenant asset is now available for sale. Known for its consistent 100% occupancy, this property benefits from a prime location with high visibility on Placerville Drive. Proximity to US HWY 50 and several shopping centers ensures strong leasing demand. Two tenants have a long-term presence, having exercised multiple lease extension options. The newest tenant, Tire and Brake Center, has had a successful start and committed to a five-year lease, attracted by the location and neighboring high-performing tenants. Overall, this property presents a highly attractive investment opportunity. It requires low maintenance, with all three rents at or near market levels and featuring annual increases. Additionally, nearly all property expenses beyond 2024 are passed on to the tenants, resulting in a steadily growing return for investors year after year.

FOR SALE DETAILS

PRICE

$1,650,900 USD

PRICE/SF

$176 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

C

APN/PARCEL ID

325-160-031-000

ASK ABOUT THIS PROPERTY

Tom ConwellNewmarkMore Info
916-569-2380

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Tom ConwellNewmarkMore Info
916-569-2380

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.