88 W Sierra Avenue
88 W Sierra Avenue Portola, California 96122 Estados Unidos

$1,825,000
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This listing consists of two well established commercial properties located in Portola and Loyalton, CA and additional commercial land adjacent to the Portola building which serves as commercial storage and excess parking for the Portola Store....
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Listing Courtesy of REMAX MOUNTAIN LIVING
$1,825,000
Cambiar de divisa
Price / Sq. Ft.:
$77
23,656 PIE CUADRADO
Interior
1.25 acres
Exterior
Comercial
Tipo de propiedad
1993
Año de construcción
201800301
ID web
201800301
ID de MLS
Plumas Unified
Distrito escolar
593
días atrás

Acerca de 88 W Sierra Avenue

This listing consists of two well established commercial properties located in Portola and Loyalton, CA and additional commercial land adjacent to the Portola building which serves as commercial storage and excess parking for the Portola Store. The entire collection of properties are leased to a single tenant, that has been in place since buying the operating business in February 2014. Existing leases (3) run to February 2024 and tenant holds three additional 5 year options to extend. The leases are NNN and contain a base rent plus an annual CPI adjustment. Today the combined leases generate gross income of $205,000 and NET operating income to the landlord of $166,200 / year resulting in a 8.50% CAP rate. This is a commercial investment opportunity for a buyer that will provide stablized income from an established and experienced tenant. Both buildings are well maintained and are located in the city center of each location.

Listing Courtesy of REMAX MOUNTAIN LIVING,PLUMAS MLS
Listing Courtesy of REMAX MOUNTAIN LIVING