1230 Airport Park Blvd Ukiah, CA 95482
- Industrial land
- 0.67 lot acres
Current Use by Public Records
- Cannavine / Cannabis Store
- Sears Hometown / Department Store
- Dollar Tree / Dollar Store / Discount Store
- Sears Appliance Repair / Appliance Repair Service / Air Conditioning Repair Service
- Student DocuPrep / Financial Consultant / Company
Property Details for 1230 Airport Park Blvd
- Lot size
- 0.67 lot acres
- Property type
- Industrial land
- APN
- 180-080-89-00
- APU
- 1800808900
Description
This exceptional 7,671 square foot retail property in Ukiah, CA, boasts a strong tenant mix anchored by a high-performing Panda Express drive-thru. Built in 2019, the single-building center sits on a 1.82-acre lot and includes an additional 0.67-acre developable pad. The property enjoys a prime location, shadowing a Costco, Walmart, and Food Maxx anchored center, with close proximity to Highway 101. Current tenants also include Sourdough & Co. and T-Mobile, creating a diverse and resilient tenant base. The property's current occupancy is 68%, generating a Net Operating Income (NOI) of $302,930, representing a 6.50% cap rate. The asking price is $4,660,000, translating to $607.48 per square foot. Panda Express, a major national quick-service restaurant chain, occupies a significant portion of the space and reports strong sales, with rent considered below market value. The additional developable land offers significant upside potential for future expansion or development within this thriving retail hub. This investment opportunity presents a compelling combination of strong current income, a desirable location, and future development potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ukiah
- County
- Mendocino
- State
- California
- Longitude
- -123.2
- Latitude
- 39.1308
- CBSA code
- 46380
- CBSA name
- UKIAH, CA MICROPOLITAN STATISTICAL AREA
