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    Freestanding Office Building Investment Opportunity Title is generated by Realmo AI

    75 W Olive Ave, Woodville, CA 93257

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    Value-add office investment with income upside in an under-built market.

    Type:Retail
    Property size:
    13,000 SF
    Lot size:
    0.69 Acres
    Added:
    Mar 3, 2020
    Days on Market:
    2280
    Last Refresh:
    May 20 at 8:14 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

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    Listing Contact
    Jared Ennis
    Jared Ennis

    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

    HighLights

    • 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.
    • Flexible configurations ranging from ±822 - 6,879 SF with the ability to combine spaces.
    • Well‑maintained with recent upgrades including new paint, VCT flooring, LED lighting, newer HVAC units, quality roof, new baseboards, and new doors/hardware.
    • Ample parking, excellent signage, great visibility, and quick access to CA‑65 ramps.

    Overview

    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 is the lease rate?
    The lease rate is $8 SF/Yr.
    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.
    (559) 359-4035 Call to check price and availability
    More about this property
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