165 Center St
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165 Center St
2,234 SF Office Building Taft, CA 93268 $535,000 ($239/SF) 8.02% Cap Rate
INVESTMENT HIGHLIGHTS
- An approximately + 2,234 SF freestanding commercial building
- Parking lot recently sealed and striped
- Well maintained building
- Drive through lane
EXECUTIVE SUMMARY
New 10-year lease with the California Department of Motor Vehicles will be commencing January 1, 2025, giving the next owner a full 10 year investment.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
2,234 SF
Building Class
C
Year Built
1970
Price
$535,000
Price Per SF
$239
Cap Rate
8.02%
NOI
$42,907
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,234 SF
Building FAR
0.18
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
DC - Downtown Commercial, City of Taft
Parking
13 Spaces (5.82 Spaces per 1,000 SF Leased)
AMENITIES
- Central Heating
- Drop Ceiling
- Monument Signage
- Air Conditioning
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Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 031-430-01-00-4 | Improvements Assessment | $293,760 |
| Land Assessment | $51,000 | Total Assessment | $344,760 |
PROPERTY TAXES
Parcel Number
031-430-01-00-4
Land Assessment
$51,000
Improvements Assessment
$293,760
Total Assessment
$344,760
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165 Center St
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