404 H St, Eureka, CA 95501-1022

This exceptional investment opportunity presents a fully leased, freestanding two-story office building situated on a corner lot in the heart of downtown Eureka, California. Located just one block from the Humboldt County Courthouse at 404 H Street, this 7,334 square foot building offers a prime location with high visibility. The property boasts a well-designed layout, featuring a main floor with private offices, cubicles, a reception area, restrooms, and ample storage. The second floor complements this with a break room, additional storage, and two large conference rooms, providing versatile space for a variety of needs. Currently, the entire building is 100% occupied under a lease with Humboldt County, providing a stable income stream. The lease, a modified type with credit-rated tenant, commenced August 1, 2020, and expires July 31, 2024, with two lease options available. The building includes six on-site parking spaces, supplemented by numerous municipal parking lots within a short distance. Built in 1960, this Class B building sits on an 8,276 square foot lot and is zoned for commercial use. The asking price is $1,195,000, translating to $162.94 per square foot. This stabilized investment offers a strong return with a built-in tenant and a desirable location. The lease includes annual rent bumps of 2%. This is a single-unit property with a single tenant.