1385 8th St - Medical FOR SALE
Arcata, CA 95521 |
$8,490,000 USD
707-832-9121
1385 8th St
Arcata, CA 95521
HIGHLIGHTS
- Located within the Arcata Gateway Project, allowing for additional development options.
- Gateway allows for up to 3,500 residential units in buildings up to seven stories tall.
- Recent Cal Poly Humboldt university expansion
- Popular relocation location: climate refugees, increase in remote work, located in a beautiful area
- New Industry Development, including a windfarm, fish plant, and fiber optic internet expansion
OVERVIEW
The subject property is a 54,523 SF building mixed in use, ranging from office, medical and warehouse. The property is situated on 5.33 acres on three parcels, and located within the Arcata Gateway Project, allowing for additional development options. Nearby establishments include Holly Yashi, The Pub at The Creamery and the Arcata Playhouse. The property is fully leased with over $54,000 in monthly income, and could make a superb 1031 exchange.
FOR SALE DETAILS
PRICE
$8,490,000 USD
PRICE/SF
$154 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Arcata Technology Center
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
undefined, Warehouse
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
5.33 AC
LAND SF
232,175 SF
ZONING
I-C
APN/PARCEL ID
021-174-012-000
ASK ABOUT THIS PROPERTY
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707-832-9121
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707-832-9121
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