OFFICE FOR SALE - LoopNet€¦ · Total Income $73,500 $20.94 GROSS INCOME $73,500 $20.94 EXPENSE SUMMARY PER SF Utilities and CAM $10,128 $2.89 Insurance $976 $0.28 Taxes (Based

3321 S Fairway St, Visalia, CA 93277

±3,510 SF COMMERCIAL OFFICE BUILDING FOR SALE OFF OF MOONEY/CALDWELL, VISALIA

OFFICE FOR SALE

PROPERTY FEATURES±3,510 SF Leased Freestanding Building

Produces $6,125/Month In Rents | Quality Tenants

Cash-On-Cash Return of 12.80% w/ 30% Down!

Flexible Floorplan w/ Significant Improvements

Ample Parking w/ Multiple Access Points

Private Offices, Open Rooms, Multiple Entrance Points

Ethernet/Phone Connections & High Speed Internet Ready

Prime Office Space Centrally Located in Visalia

Located off Caldwell Near Mooney Blvd.

Mature Landscaping Surrounded w/ Quality Tenants

SALE PRICE: $669,000

CAP RATE: 8.28%

NOI: $55,360

CASH-ON-CASH RETURN: 10.80% W/ 30% Down

LOT SIZE: 0.31 Acres

BUILDING SIZE: 3,510 SF

YEAR BUILT: 2001

ZONING: CR

APN: 122-300-045

MARKET: Mooney/Caldwell

SUB MARKET: Heritage Plaza

CROSS STREETS: S Mooney Blvd.

KW COMMERCIAL559.302.8698

www.CentralCaCommercial.com

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JARED ENNISSenior Commercial Associate0 559.302.8698C [email protected] DRE# #01945284

KEVIN LANDCommercial DirectorO 559.359.4035C [email protected] DRE# #01516541

http://www.CentralCaCommercial.com

PROPERTY OVERVIEW

±3,510 SF newer construction investment deal of General,Professional, and/or Medical Office space off Mooney andCaldwell in Heritage Plaza. Freestanding building offering 15leased offices and 1 conference room (16 rooms). Theprivate offices are oversized proving to be extremely easy tolease and the conference room is a generous size offered asa free common amenity. The property offers ample privateparking in the rear and excellent street frontage for signage.Pre-wired for high speed Internet. Street Signage isAvailable. Property offers easy street access leading fromthe three major corridors with ample private parkingavailable. Excellent investment pushing a leveragedcash-on-cash return of 12.80% with 30% down!

LOCATION OVERVIEW

Prime location just East of Mooney Blvd and North ofCaldwell Ave, one of the busiest intersections in Visalia.Within 1 mile there is approximately 2 million square feet ofretail and office space, making this the regional office andretail destination for residents in Tulare County.

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OFFICE FOR SALE









OFFICE FOR SALE

TENANTNAME

UNITNUMBER

UNITSIZE (SF)

LEASESTART

LEASEEND

MARKETRENT

ANNUALRENT

MONTHLYRENT

% OFBUILDING

Dustin Pest Control 3323 - 1 292 $4,200 $350 8.32

Bassett's CricketRanch

3323 - 2 292 $4,800 $400 8.32

Isabel Amancio (JDTConsultants)

3323 - 3 130 $4,200 $350 3.7

Romaine LokhandwalaLaw Group

3323 - 4 176 $5,700 $475 5.01

Com. JesponTranportation (ArnoldMoreno)

3323 - 5 232 $5,700 $475 6.61

The Ark Auto Sales(Nancy Gutierrez)

3323 - 6 169 $4,200 $350 4.81

Casey Wilson Bourke(Attorney)

3323 - 7 169 $4,500 $375 4.81

LP Brands (Elizabethand Jose LuisSanchez)

3323 - 8 169 $5,400 $450 4.81

Jose Guido (SmartwayTax)

3321 - 9 150 $5,400 $450 4.27

ClearConverse (DanielHarold)

3321 - 10 150 $5,100 $425 4.27

BW Events (BrookeWard)

3321 - 11 150 $4,800 $400 4.27

(Conference Room) 3321 - 12 204 $0 $0 5.81

Extra CaringHomecare, LLC

3321 - 13 154 $5,700 $475 4.39

Bassett's CricketRanch

3321 - 14 121 $5,100 $425 3.45









OFFICE FOR SALE

TENANTNAME

UNITNUMBER

UNITSIZE (SF)

LEASESTART

LEASEEND

MARKETRENT

ANNUALRENT

MONTHLYRENT

% OFBUILDING

JAIEngineering(StevenCastaneda)

3321 - 15 132 $4,500 $375 3.76

Paul Eddings (EddingsAttorney Service)

3321 - 16 132 $4,200 $350 3.76

TOTALS/AVERAGES 2,822 $0 $73,500 $6,125







INCOME SUMMARY PER SF

Total Income $73,500 $20.94

GROSS INCOME $73,500 $20.94

EXPENSE SUMMARY PER SF

Utilities and CAM $10,128 $2.89

Insurance $976 $0.28

Taxes (Based off Asking Price) $7,035 $2.00

GROSS EXPENSES $18,139 $5.17

NET OPERATING INCOME $55,360 $15.77



OFFICE FOR SALE







INVESTMENT OVERVIEW

Price $669,000

Price per SF $190.60

CAP Rate 8.3%

Cash-on-Cash Return (yr 1) 12.8 %

Total Return (yr 1) $36,830

Debt Coverage Ratio 1.87

OPERATING DATA

Gross Income $73,500

Operating Expenses $18,139

Net Operating Income $55,360

FINANCING DATA ON PROPOSED 70/30 LOAN

30% Down Payment (Proposed Loan) $200,700

70% Loan Amount (Proposed Loan) $468,300

Debt Service Annualy (Proposed Loan) $29,662

Debt Service Monthly (Proposed Loan) $2,471



OFFICE FOR SALE














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* Demographic data derived from 2010 US Census



OFFICE FOR SALE

ETHNICITY 1 MILE 3 MILES 5 MILES

% HISPANIC 34.3% 40.5% 43.3%

RACE 1 MILE 3 MILES 5 MILES

% WHITE 80.6% 83.2% 81.4%

% BLACK 1.9% 1.8% 1.9%

% ASIAN 4.8% 3.7% 5.0%

% HAWAIIAN 0.0% 0.1% 0.1%

% INDIAN 0.5% 0.6% 0.7%

% OTHER 9.3% 7.0% 7.8%

POPULATION 1 MILE 3 MILES 5 MILES

TOTAL POPULATION 10,776 74,821 127,216

MEDIAN AGE 38.0 33.5 32.1

MEDIAN AGE (MALE) 37.9 32.6 31.3

MEDIAN AGE (FEMALE) 38.8 35.0 33.7

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

TOTAL HOUSEHOLDS 3,966 26,210 42,326

# OF PERSONS PER HH 2.7 2.9 3.0

AVERAGE HH INCOME $74,991 $63,513 $67,927

AVERAGE HOUSE VALUE $299,953 $280,372 $277,669


Documents

OFFICE FOR SALE - LoopNet€¦ · Total Income $73,500 $20.94 GROSS INCOME $73,500 $20.94 EXPENSE SUMMARY PER SF Utilities and CAM $10,128 $2.89 Insurance $976 $0.28 Taxes (Based