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Victory Theater 367-387 N State St 15,000 SF 100% Leased Office Building Ukiah, CA 95482 $1,574,000 ($104.93/SF) 10.04% Cap Rate
EXECUTIVE SUMMARY
10% Cap rate! Incredible income with this trophy asset in Ukiah, CA. The historic Victory Theater Plaza consists of 16 separate suites between two buildings, along with a parking lot totaling 28 on site parking spaces, on .7 acres. 367 N State St was originally built in 1913 and since converted into a perfectly renovated and structurally retrofitted series of suites. 387 N State St was built in the 1990's. Three separate parcels each with C1 zoning. State St has recently been redone and Ukiah is the path of growth! Great opportunity to grow your portfolio with a proven asset. Additionally several open suites ready to increase the existing return.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
15,000 SF
Building Class
C
Year Built/Renovated
1913/1990
Price
$1,574,000
Price Per SF
$104.93
Cap Rate
10.04%
NOI
$158,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,500 SF
Building FAR
0.82
Lot Size
0.42 AC
Zoning
C1
Parking
28 Spaces (1.87 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,045,523 | |
| Land Assessment | $306,216 | Total Assessment | $1,351,739 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$306,216
Improvements Assessment
$1,045,523
Total Assessment
$1,351,739
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Presented by
Palma Properties, Inc
Victory Theater | 367-387 N State St
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