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815 J St 5,600 SF 100% Leased Retail Building Arcata, CA 95521 $1,300,000 ($232.14/SF) 5.12% Cap Rate
EXECUTIVE SUMMARY
This is a mixed use project with four tenants. 815 J Street, is a restaurant income is $3250.00 per month.
819 j Street is a Tavern paying $3433.00 per month, with 9 years remaining on the Lease
The upper floor is a residential use paying $2500.00 per month, the residential lease is year to year
Small unit at 1020 8th Street is paying $475.00 per month for a Total Gross income of $115,896.00
The side yard can be developed into additional units
See Attached income and expenses, Owner will consider carrying with large downpayment
819 j Street is a Tavern paying $3433.00 per month, with 9 years remaining on the Lease
The upper floor is a residential use paying $2500.00 per month, the residential lease is year to year
Small unit at 1020 8th Street is paying $475.00 per month for a Total Gross income of $115,896.00
The side yard can be developed into additional units
See Attached income and expenses, Owner will consider carrying with large downpayment
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,600 SF
Year Built/Renovated
1950/1980
Price
$1,300,000
Price Per SF
$232.14
Cap Rate
5.12%
NOI
$66,600
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.73
Lot Size
0.18 AC
Zoning
Mixed Use - Commercial zoning, with multi-family
Frontage
106’ on J Street
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (95)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 021-152-003-000 | Improvements Assessment | $602,865 |
| Land Assessment | $273,305 | Total Assessment | $876,170 |
PROPERTY TAXES
Parcel Number
021-152-003-000
Land Assessment
$273,305
Improvements Assessment
$602,865
Total Assessment
$876,170
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Presented by
Disiere & Associates
815 J St
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