857 Garner AveHanford, CA 93230

Property Details for 857 Garner Ave

Construction

TYPE NOT SPECIFIED

Lot size

0.51 AC

Property size (Sq ft)

4,592 SF

Property type

Office properties

Property subtype

Office buildings

APN

012-250-037-000

APU

12250037000

Description

This exceptional investment opportunity presents a single-story, Class B medical office building totaling 4,605 square feet, situated on a spacious 22,080-square-foot lot in Hanford, California's medical district. Built in 2010, the property is currently leased to Kaweah Delta Health Care District under the Sequoia Regional Cancer Center, with three years remaining on the existing gross lease. The building features a well-designed layout including a reception/waiting area, six exam rooms, two nurses' stations, a doctor's station, a chemotherapy treatment room, two doctor's offices, a lab, four restrooms, and an employee breakroom. The asking price is $1,300,000, representing a price per square foot of $282.30. The property's address is 857 Garner Ave, Hanford, CA 93230, and its Assessor's Parcel Number (APN) is 012-250-037. This is a turnkey investment opportunity with a stable tenant and a strong location within a thriving medical community. Showings are by appointment only; please do not disturb the tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $650,991

  6.5%

  $600,915

  7%

  $557,992

• Comparable approach

  Method

  Valuation

  Relative Method

  $609,772

  Geo Method

  $1,199,573

• Alternative Use

  Use

  Valuation

  Residential

  $745,134

  Hospitality

  $682,539

  Educational

  $567,864

  Medical

  $587,394

  Retail

  $883,344

Location Insight

City

Hanford

County

Kings

State

California

Latitude

36.326

Longitude

-119.658

CBSA code

25260

CBSA name

HANFORD-CORCORAN, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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