Arcata Technology Center | 1385 8th St
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Arcata Technology Center 1385 8th St
55,200 SF 100% Leased Office Building Arcata, CA 95521 $8,490,000 ($154/SF)
Investment Highlights
- Located within the Arcata Gateway Project, allowing for additional development options.
- Recent Cal Poly Humboldt university expansion
- New Industry Development, including a windfarm, fish plant, and fiber optic internet expansion
- Gateway allows for up to 3,500 residential units in buildings up to seven stories tall.
- Popular relocation location: climate refugees, increase in remote work, located in a beautiful area
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
55,200 SF
Building Class
B
Year Built
1970
Price
$8,490,000
Price Per SF
$154
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
27,600 SF
Building FAR
0.24
Lot Size
5.33 AC
Zoning
I-C - ZONING: Industrial/Light Manufacturing
PARCEL NUMBERS: 021-174-012, 021-174-011 & 021-211-005
Amenities
- Car Charging Station
Walk Score ®
Very Walkable (84)
Bike Score ®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 021-174-012-000 | Improvements Assessment | $1,394,675 |
| Land Assessment | $780,573 | Total Assessment | $2,175,248 |
PROPERTY TAXES
Parcel Number
021-174-012-000
Land Assessment
$780,573
Improvements Assessment
$1,394,675
Total Assessment
$2,175,248
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Arcata Technology Center | 1385 8th St
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