1920 W Princeton Ave - Office FOR SALE


Visalia, CA 93277
$2,000,000 USD
661-444-5196
1920 W Princeton Ave, Visalia, CA for Sale
$2,000,000 USD
Office - FOR SALE
1/19
null | 6.1% Cap Rate

1920 W Princeton Ave
Visalia, CA 93277


HIGHLIGHTS

  • Location, Location, Location
  • Value Add/ Upside Potential
  • Office Spaces are Well Maintained and Generally Full
  • Office Spaces are Well Maintained and Generally Full
  • Located in a Very Strong Rental Market with Large Rental Pool
  • Located Near Downtown Retail, Eateries, and Schools

OVERVIEW

Marcus & Millichap are pleased to present this (2) Two-Story Office Building located in Visalia, CA. Built in 1973, this (17) unit Office Building is located at 1920 W Princeton Ave Visalia, CA 93277. APN: 096-301-022. The property is situated on a large lot of 42,253sf. With a total Rentable Building SF of 8,000sf, The first (1st) and Second (2nd) Floor offer rentable office units. Offering an attractive mix of unit sizes, this building favors a multitude of current and potential tenants. Each floor shares its own set of restrooms. Most tenants have been long-term and enjoy the location. Being centrally located in Visalia, CA it attracts a healthy traffic of clients to their business. With over 50 parking spaces, both tenants and tenant clients have comfortable access in and out of the property. The current Landlord covers all utilities, new owner can implement a utility bill-back and or CAM fees to current tenants. Most rents are below current market rent also allowing new owner to have an up-side. This property is conveniently located near National Credit Tenants, The Visalia Mall, Schools, dining, and more. With its convenient location you are in the vicinity of a large rental tenant pool.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

CR

APN/PARCEL ID

096-301-022-000

ASK ABOUT THIS PROPERTY

Bruce BarnhardMarcus & MillichapMore Info
661-444-5196

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Bruce BarnhardMarcus & MillichapMore Info
661-444-5196

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