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Oakhurst Plaza 40359 Highway 41 7,000 SF 100% Leased Retail Building Oakhurst, CA 93644 $985,000 ($140.71/SF) 5.56% Cap Rate



INVESTMENT HIGHLIGHTS
- Excellent Investment Opportunity - Below Market Rents
- First Time on the Market in Decades
- Ample Parking: Approx. 23 Spaces
- 11 Unit Shopping Center
- Located in the Heart of Oakhurst
- Current Cap Rate: 5.22% - Proforma Cap Rate: 7.66%
EXECUTIVE SUMMARY
The Franco Realty Group is proud to exclusively present the Oakhurst Plaza at 40359 Highway 41 Oakhurst, CA 93644 For Sale. The Oakhurst Plaza is an 11 unit shopping center in the heart of Oakhurst with only 1 vacancy. The Oakhurst Plaza is a great investment opportunity with a great cap rate even with the below market rents. This 7,000 SF Building is sitting on a 19,602 SF Lot and boasts strong parking with 23 onsite spaces. This property is on the market for the first time in decades along with its counter part the Junction Plaza at 40282 Highway 41 Oakhurst, CA 93644. For more information and a full offering memorandum please contact the Franco Realty Group.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2007
Price
$985,000
Price Per SF
$140.71
Cap Rate
5.56%
NOI
$54,785
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.35
Lot Size
0.46 AC
Zoning
CUM
Parking
32 Spaces (4.57 Spaces per 1,000 SF Leased)
Frontage
126’ on Hwy 41
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 065-080-023 | Improvements Assessment | $511,721 |
| Land Assessment | $330,228 | Total Assessment | $841,949 |
PROPERTY TAXES
Parcel Number
065-080-023
Land Assessment
$330,228
Improvements Assessment
$511,721
Total Assessment
$841,949
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Oakhurst Plaza | 40359 Highway 41
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