1055 W Morton Ave | Porterville, CA 93257
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- LoopNet Team
1055 W Morton Ave
Porterville, CA 93257
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Rent Growth Of Under-Market Remaining Units
- Long-Term Tenants | Low Turnover | Low Maintenance
- Cash Cow To Produce $59K In Rents Once Stabilized
- 6.34% Cap & 3.09% Cash-on-Cash Return After Stabilized
- Quality Construction | Well Maintained | Economical Spaces
- Excellent SBA Loan Candidate w/ Built In Passive Income
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
5,106 SF
Building Class
C
Year Built
1984
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,553 SF
Building FAR
0.47
Lot Size
0.25 AC
Zoning
PO
Parking
16 Spaces (4.56 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Security System
- Signage
PROPERTY TAXES
| Parcel Number | 251-340-053-000 | Improvements Assessment | $511,876 |
| Land Assessment | $93,636 | Total Assessment | $605,512 |
PROPERTY TAXES
Parcel Number
251-340-053-000
Land Assessment
$93,636
Improvements Assessment
$511,876
Total Assessment
$605,512
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