509 E Saint Charles St - Office FOR SALE


San Andreas, CA 95249
$5,900,000 USD
209-639-5111
509 E Saint Charles St, San Andreas, CA for Sale
$5,900,000 USD
Office - FOR SALE
1/23
null | 8.03% Cap Rate

509 E Saint Charles St
San Andreas, CA 95249


HIGHLIGHTS

  • The County of Calaveras has occupied the building since it was built in 2001
  • Priced significantly below replacement cost
  • Parking Lot recently re-sealed & re-striped
  • Significant barriers to entry for any new development
  • Tenant is heavily invested in the property and is currently adding EV Charging Stations
  • Well-maintained building in close proximity to all other Calaveras County Government Agencies & Services

OVERVIEW

KW Commercial is pleased to present this unique opportunity to purchase 509 East St Charles St and 585 Mountain Ranch Rd in San Andreas, CA. This Single Tenant Leased Investment has been occupied by The County of Calaveras's Human Services & Public Health Department for over 25 years and consists of an approximately 31,228 sq ft building situated on 3.47 AC. With no new competitive speculative construction occurring within the submarket and an acquisition price that is significantly below replacement cost, this offering provides an investor the opportunity to achieve a stable, appreciating cash-on-cash return with a very real potential for upside via long-term, valuable lease extensions for a Tenant which will likely be in this location indefinitely. The location is preferred by Calaveras County agencies, all of which are headquartered within 1/2 mile of the subject property.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

8.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

119

LAND DETAILS

LAND ACRES

3.47 AC

LAND SF

151,153 SF

ZONING

Local Commercial (C1)

APN/PARCEL ID

042-034-007-000,042-034-013-000

ASK ABOUT THIS PROPERTY

Bill JohnsonKW CommercialMore Info
209-639-5111

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

Bill JohnsonKW CommercialMore Info
209-639-5111

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