500 N Santa Fe St, Visalia, CA

Listing agent Matthew 'Matt' Graham Show Phone

Listing office Graham & Associates Show Phone

Listing date Jun 27, 2024

Source Moodyscre

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Overview

This is a fully occupied, Class-A professional office building constructed in 2008. The building has 32,000 square feet of space, featuring over 40 offices and abundant open office space on both floors. It includes an elevator, lobby space, community room, secured storage, multiple conference rooms, mail room, and balconies. The property is located in a high-growth area with a projected population growth of 4.4% for the years 2019-2022. The building is currently occupied by Gallagher Insurance, a US-based insurance tenant with a global presence, a 19.3 billion market cap, and 33,247 employees. The property presents a value-add potential with an upcoming lease renewal based on fair market value, as current area rents are higher.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Visalia

County

Tulare

State

California

Longitude

-119.288

Latitude

36.3343

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FAQs

What type of property is this?

Office building - Fully occupied, 32,000 SF office building with strong tenant.

Where is this office building located?

The property is located at 500 N Santa Fe St Visalia, CA.

What is the asking price?

The asking price for this property is $1,058,112.

What are key features of this property?

This property features: Strong US‑Based Insurance Tenant (Gallagher Insurance) with Global Presence; Value‑Add Potential with Upcoming Lease Renewal at Higher Market Rents; Fully Occupied Class‑A Professional Office Building