$760,000
Reedley, CA 93654
MLS# 228087
Status: Closed
1 beds | 1 baths | 5000 sqft
1 / 1
Property Description
Hard to find investment opportunity. National Corporate tenant in 10 year NNN lease, initiated March 1, 2024. 2% annual increases, 2-five year options. 10.4% CAP rate!
Details
Maps
Property Information
Property Sub-Type: Commercial
New Construction: No
Year Built: 1950
Year Built Source: Public Records
Number of Buildings: 2
Number of Units: 1
Street #: 1348
Bedrooms: 1
Street Name: G Street
Suffix: Street
Quarter Baths: 1
Total Baths: 1
Stories: 1
Approx Square Feet: 5000
SqFt Source: Public Records
Lot Acres: 0.17
Lot SqFt: 7500
State/Province: CA
Lot Dimensions: 50x150
Zip Code: 93654
APN: 36827306
Lot Size Source: Public Records
County: Fresno
Additional Parcels Y/N: No
Area: Out of Area
Listing Information
Original List Price: 750000
List Price/SqFt: 150
Current Price: $760,000
Status: Closed
Listing Date: 2024-03-10
Listing Price: 750000
Showing Information
Directions to Property: From Visalia, go west on hwy 198, exit Plaza and drive North, left on Dodge Ave, right on Rd 56, continue onto Frankwood Ave, left on I Street, right on 13th street.
Remarks
Marketing Remarks: Hard to find investment opportunity. National Corporate tenant in 10 year NNN lease, initiated March 1, 2024. 2% annual increases, 2-five year options. 10.4% CAP rate!
Status Change Info
Pending Date: 2024-03-11
Status Change Date: 2024-05-08
Close Date: 2024-05-07
Close Price: 760000
Close Price/SqFt: 152
Property Features
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Water: Public
Sewer: Public Sewer
Cooling: Dual; Evaporative Cooling
Heating: Electric; Wall Furnace
Roofing: Asphalt; Rubber
Listing Office: Zeeb Commercial Real Estate
Listing Agent: Jessica Benevento
Agent Email: jessica@zeebre.com
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.