1324 Callen St 4,000 SF Industrial Building Vacaville, CA 95688 $995,000 ($248.75/SF) 6% Cap Rate

Existing Auto shop tenant has lease in place until 12/31/25 and is willing to extend or stay depending on the plans of a new owner. The current tenant is a family owned auto maintenance and service shop that has been in business locally for over 15 years and has been at this location for the last four years. The current market rent should be in the $1.25/sq ft per month range and is renting currently on a $4850./month rent on a month to month rental agreement. The shop is fully equipped for automotive with four car lifts, 2 roll up doors, a mezzanine parts storage loft and and secured and extra land at the rear which could be used for additional parking or a building addition. The building owner is retired and now living out of state and would like to sell the property to a new owner who would operate the shop as an owner user. He is also willing to partially finance the sale to a new owner with a down payment of $600,000 and the remainder of the purchase price as a second loan secured by the building. Building may be shown by appointment only on Saturday or Sunday afternoon, or between 12-1:00 pm weekdays (when at lunch) with prior notice to the listing agent.