509 St Charles St San Andreas, CA 95249
- Office Properties & Spaces
- 31,228 SF
- 3.47 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 509 St Charles St
- Year built
- 2001
- Lot size
- 3.47 lot acres
- Property size
- 31,228 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple, 31,228 square foot, Class C office building located at 509 E St Charles St, San Andreas, CA 95249. The property sits on a 3.47-acre lot and includes 145 parking spaces. Currently 100% occupied by Calaveras County's Human Services & Public Health Department under a modified gross lease with 2% annual rent bumps, the lease has a remaining term of 1.5 years, expiring May 31, 2026, but commenced May 11, 2001. The asking price is $5,900,000, representing a price per square foot of $188.93 and an 8.03% cap rate with a current NOI of $474,005. The two-story building, constructed in 2001, is zoned Local Commercial (C1) and benefits from a strong location adjacent to the Calaveras County Government Center, including various county departments. The tenant has a long-standing presence (25+ years) and is actively investing in property improvements, including the addition of EV charging stations. The parking lot has recently been resealed and restriped. This offering presents a stable, appreciating cash-on-cash return with significant upside potential through lease extensions with a highly likely long-term tenant. The property's APN is 042-034-013
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Andreas
- County
- Calaveras
- State
- California
- Longitude
- -120.674
- Latitude
- 38.1895
