890 W Lacey Blvd 6,720 SF Retail Building Hanford, CA 93230 $2,050,000 ($305.06/SF) 6.83% Cap Rate
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.
DATA ROOM Click Here to Access
- 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
|
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
6,720 SF
Building Class
C
Year Built
1967
Price
$2,050,000
Price Per SF
$305.06
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
AMENITIES
- Banking
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
-
99,999 SF
- -
-
Lorem Ipsum
-
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, we've grown into one of the largest commercial banks headquartered in California, and one of the most stable community banks in the nation.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Finance and Insurance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 010-500-018-000 | Improvements Assessment | $1,530,000 |
| Land Assessment | $510,000 | Total Assessment | $2,040,000 |
