Akers Plaza Shopping Center 827 S Akers St
10,406 SF 100% Leased Retail Building Visalia, CA 93277 $5,830,000 ($560.25/SF) 5.15% Cap Rate
EXECUTIVE SUMMARY
Investment Highlights
- Located one quarter-mile from Highway 198 ramps
- Underserved Northwest Visalia area and high daytime population
- Fully Occupied 4-Tenant Center, consisting of 46% Dental, 54% Retail
- 2021 Construction
- Weighted Average Lease Term (WALT) - 8.27 years
- Located one quarter-mile from Highway 198 ramps
- Underserved Northwest Visalia area and high daytime population
- Fully Occupied 4-Tenant Center, consisting of 46% Dental, 54% Retail
- 2021 Construction
- Weighted Average Lease Term (WALT) - 8.27 years
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,406 SF
Building Class
B
Year Built
2020
Price
$5,830,000
Price Per SF
$560.25
Cap Rate
5.15%
NOI
$300,245
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.00 AC
Zoning
Commercial
AMENITIES
- Fenced Lot
NEARBY MAJOR RETAILERS
