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Investment Highlights
- New 5-Year Lease | Two 5-Year Options To Extend | Limited Supply
- Right Off Hwy 395 (17,000 VPD) | Centralized Location | Gateway to Mammoth Lakes and Eastern Sierras (2.8M Visitors)
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Affluent AHHI | Strong Demographics in 5-Mile Trade Area
Executive Summary
• Kern Regional Center is a 21 location private, nonprofit regional centers contracted by the State of California through the Department of Developmental Services (DDS) to coordinate community-based services and support for individuals with developmental disabilities and their families.
• New 5-Year Lease with 2 (5-year) option extensions
• 3% annual rent increases
• There are no comparable properties available for lease in Bishop, CA, creating long term tenant stability
• New 5-Year Lease with 2 (5-year) option extensions
• 3% annual rent increases
• There are no comparable properties available for lease in Bishop, CA, creating long term tenant stability
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
1,560 SF
Building Class
C
Year Built
1954
Price
$572,000
Price Per SF
$366.67
Cap Rate
8.01%
NOI
$45,794
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,560 SF
Building FAR
0.33
Lot Size
0.11 AC
Opportunity Zone
Yes
Parking
11 Spaces (7.05 Spaces per 1,000 SF Leased)
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Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (75)
Property Taxes
| Parcel Number | 001-091-05 | Improvements Assessment | $175,950 |
| Land Assessment | $122,400 | Total Assessment | $298,350 |
Property Taxes
Parcel Number
001-091-05
Land Assessment
$122,400
Improvements Assessment
$175,950
Total Assessment
$298,350
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AAA | 187 W Pine St
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