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890 W Lacey Blvd

6,720 SF Retail Building Hanford, CA 93230 $2,050,000 ($305/SF) 6.83% Cap Rate

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Investment Highlights

Regional Bank
Minimal Management
Great 1031

High Visibility
NNN

Executive Summary

Have a short window and need to lace a small purchase? Look no further. This outstanding asset is a strong STNL performer. This regional bank is a stronghold in Central California and a 20+ year site location. With 2% annual increases, WestAmerica is in its 5th amendment, with 1.5 years left on the first half of the amendment and another 5 year option to go.

890 W Lacey Blvd Sale Comp Report

890 Lacey 2024 Flyer

Offering Memorandum

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	-
Annual Per SF	-

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Sale Type

Investment

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Bank

Building Size

6,720 SF

Building Class

Year Built

1967

Price

$2,050,000

Price Per SF

$305

Cap Rate

6.83%

NOI

$140,076

Tenancy

Single

Building Height

1 Story

Building FAR

0.27

Lot Size

0.57 AC

Zoning

CC - Commercial

Frontage

173 FT on Lacey Blvd

Amenities

Banking
Corner Lot

Signage
Signalized Intersection

Drive Thru

Monument Signage

Finance and Insurance
99,999 SF
-
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Jan 0000

Westamerica Bancorporation is the holding company for Westamerica Bank, a regional community bank providing consumer and commercial financing with branches throughout Northern and Central California. First chartered in 1884, they've grown into one of the largest commercial banks headquartered in California, and one of the most stable community banks in the nation.