815 Humboldt Ave Willows, CA 95988

Property Details for 815 Humboldt Ave

Year built

2002

Lot size

0.75 lot acres

Property size

3,871 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a stabilized, single-tenant office building totaling 3,871 square feet situated on a 0.75-acre lot in Willows, California. The property, constructed in 2002, is a Class B, one-story building currently operating at 100% occupancy. The tenant, the only DMV office in Glenn County, enjoys a highly advantageous location directly off Interstate 5, minimizing competition and ensuring long-term stability. The asking price is $1,595,000, representing a compelling 5.96% capitalization rate based on a Net Operating Income (NOI) of $95,131. A significant remodel was completed at the last lease renewal, further enhancing the property's value and minimizing future maintenance needs. The lease includes a 5% annual rent bump, providing consistent income growth. The tenant reimburses for certain repair expenses, reducing management responsibilities. The current gross operating income is $137,500. This is a rare opportunity to acquire a highly profitable, low-management commercial property with a strong, long-term tenant in a prime location. The property features a modified lease and is categorized as a traditional office building.

Location Insight

City

Willows

County

Glenn

State

California

Longitude

-122.21207645583

Latitude

39.529792991438