Arcata Mixed-Use Investment
For Sale
$7,050,000
1385 8th Street, Arcata, CA 95521
54,523 SF mixed-use building on 5.33 acres in Arcata.
Property Size54,523 SF
Lot Size5.33 Acres
Price / SF$129.30
Days on Market773
Property Features for 1385 8th Street
General Information
Standard status
Active
Size
54,523 SF
Lot size
5.33 Acres
Property subtype
Commercial
Amenities
Carpeted Flooring
Concrete Flooring
Forced Air Heating
Natural Gas Heating
Listing Agency:
WELLS COMMERCIAL R.E. & INVESTMENT
(707) 444-3624
Listed By:
DAVID WELLS · License #01700566
(707) 262-1338
Source:
Corcoran
Added: Aug 26, 2024
Changed: Oct 1
Last Checked: Oct 5 at 7:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WELLS COMMERCIAL R.E. & INVESTMENT
Investment Insights
Based on property information with market context.
The subject property is a 54,523 square foot mixed-use building, featuring office, medical, and warehouse spaces. Situated on 5.33 acres across three parcels, the property is located within the Arcata Gateway Project, potentially allowing for additional development. Nearby establishments include Holly Yashi, The Pub at The Creamery, and the Arcata Playhouse. The property is fully leased, generating over $54,000 in monthly income, making it a potential 1031 exchange opportunity.
Key Highlights
- Fully leased property generating over $54,000 in monthly income.
- Located within the Arcata Gateway Project, allowing for additional development options.
- Suitable for a 1031 exchange.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$552,045
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,040,900
$11.0M
Cap Rate 7%
$7,886,357
$7.9M
Cap Rate 9%
$6,133,833
$6.1M
Market Conditions
NOI Build-Up for 54,523 SF
Gross rent
$981.4K $18.00/SF
− Vacancy
−$98.1K −$1.80/SF
EGI
$883.3K $16.20/SF
− OpEx
−$331.2K −$6.07/SF
NOI
$552.0K $10.13/SF
Area
Humboldt County, CA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,040,900
Cap Rate 7%
$7,886,357
Cap Rate 9%
$6,133,833
Alternative Uses
Best Use
Healthcare Medical
$12.90M
$11.29M – $15.05M
NOI $902,901 @ 7.0% cap · market cap 12.81%
Second Best
Office B
$10.15M
$8.88M – $11.84M
NOI $710,151 @ 7.0% cap · market cap 10.07%
Theoretical Best
Flex RnD
$20.59M
$18.02M – $24.02M
NOI $1,441,314 @ 7.0% cap · market cap 20.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,344
Businesses Nearby
Explore this area
Business Placement
Demographics for 95521, CA
21,581
Population
9,797
Households
2.2
Avg Household Size
30
Median Age
45%
College-Educated
95%
High-School Grad
60.4 sq mi
ZIP Area
357
Density / Sq Mi
$54,324
Median Household Income
$24,129
Median Earnings
$1,300
Median Rent
$478,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 54,523 SF mixed-use building on 5.33 acres in Arcata.
Where is this mixed-use property located?
The property is located at 1385 8th Street Arcata, CA.
What is the asking price?
The asking price for this property is $7,050,000.
What are key features of this property?
This property features: Fully leased property generating over $54,000 in monthly income.; Located within the Arcata Gateway Project, allowing for additional development options.; Suitable for a 1031 exchange.
