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- LoopNet Team
1716 5th St
Eureka, CA 95501
Triple NET Retail · Retail Property For Sale
Investment Highlights
- High TRAFFIC signalized intersection
- Well seasoned lease with 8.5 years remaining with a 5 year option to renew
PROPERTY FACTS
Amenities
- Corner Lot
- Freeway Visibility
- Signalized Intersection
About 1716 5th St , Eureka, CA 95501
The building sits on one acre and is 22877 sqft total. Approximately 5869 sqft of that is warehouse space with 16000 sqft of show room and floor space. The building was designed to incorporate 3 retail stalls, though was eventually leased in its entirety to the furniture store. The tenant is paying $27,500. per month totaling $330,000. annually. The lease is a triple net lease. The tenant pays for Taxes, Insurance all maintenance inside and out in addition to the rents with the exception of the roof which was replaced 18 months ago with a high tech roof system, installed by Alves Roofing. The list price of 5.2 million represents a 6.4 capitalization rate for a triple net cash flow that is well seasoned. The sellers motivation is his age of 80 years. The seller is also the original developer of the building so there is lots of good information about the building and its design.
PROPERTY TAXES
| Parcel Number | 002-075-010-000 | Improvements Assessment | $3,719,534 |
| Land Assessment | $1,374,264 | Total Assessment | $5,093,798 |
PROPERTY TAXES
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