75 W Olive Ave Woodville, CA 93257
Value-add office investment with income upside in an under-built market.
Type:Retail
Property size:
13,000 SFLot size:
0.69 Acres- Added:
- Mar 3, 2020
- Days on Market:
- 2235
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 75 W Olive Ave
General Information
- Standard status
- Active
- Size
- 13,000 SF
- Lot size
- 0.69 Acres
- Property subtype
- Retail
Spaces For Lease
at 75 W Olive Ave Contact us- Size
- 2,755 SF
- Type
- Retail
75-B W Olive Ave $0.75 /Mo
- Size
- 2,000 SF
- Type
- Retail
75-A W Olive Ave $0.75 /Mo
- Size
- 6,500 SF
- Type
- Retail
65-B W Olive Ave $0.70 /Mo
Listing agent Jared Ennis License #CA
Listing office C21 Commercial
Listing date Mar 3, 2020
Source Crexi
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 C21 Commercial
Overview
Freestanding Office Building Investment Opportunity
This freestanding building offers an office investment opportunity with potential for increased value. The property totals approximately 13,000 square feet and is situated on three parcels, encompassing approximately 0.692 acres (approximately 30,144 square feet). It is suitable for general, professional, and medical office uses. The building features seven economical, separate spaces currently leased to long-term tenants on Gross lease forms, generating an actual annual income of $113,608. There is a value-add opportunity through leasing three vacant spaces (822, 1462, and 2401 square feet), addressing under-market rents for two month-to-month tenants, extending lease lengths, and implementing customary pass-through expenses for water, sewer, trash, and gardening. Configurations range from approximately 822 to 6,879 square feet, with the ability to combine spaces via existing connecting doors. The office spaces feature new paint, hard-surface VCT flooring, LED lighting, newer HVAC units, a quality roof, 6-inch tall baseboards, and new doors, hinges, and hardware. The building provides access to high-speed internet, separate meters, private ADA restrooms, private entrances with secured entry, and outdoor LED lighting. Demising walls allow for flexible space configurations. The property includes a full exterior lit private parking area with 47 spaces, plus street parking. It offers existing signage, visibility, and access to CA-65 ramps.
Location Intelligence
Current Use by Public Records
Office Units
Map
- City
- Woodville
- County
- Tulare
- State
- California
- Longitude
- -118.966
- Latitude
- 36.0318
FAQs
What type of property is this?
Office units - Value-add office investment with income upside in an under-built market.
Where is this office units located?
The property is located at 75 W Olive Ave Woodville, CA.
What are key features of this property?
This property features: Significant value‑add opportunity to increase gross annual income to a stabilized $197,428 within 6‑12 months.; High potential return with an 11.12% proforma CAP rate and a 17.35% cash‑on‑cash return after stabilization.; Freestanding building with ±13,000 SF of office space on ±0.692 AC, ideal for general, professional, or medical use.
