751-975 Bevins St
Lakeport, CA 95453
Gateway Business Park · Industrial Property For Sale

Gateway Business Park is a high-tech/flex C-3 commercial property that has high income, low maintenance and solid tenants and provides an 8% CAP ratio at the listing price using the current income and expenses. For a new owner with the increased property taxes the CAP ratio would be in the area of 7¼ %. The business park is comprised of five building, totaling 53,796 sq. ft. that are 34 separate commercial units and 18 storage units, all 12' X 30'. Several tenants have taken multiple units so presently full occupancy is 18 tenants plus the storage rentals. The tenants have priority for the storage rentals and several have expanded into them. The remaining units are rented to the general public. The business park is the newest and most desirable commercial facilities in the area and we have a waiting list for both the commercial spaces as well as the storage rentals. The property is located in Lakeport, CA (county seat) close to the freeway entrance with good exposure to the Highway 29 freeway and Bevins Street. The parking lot is adequate and has the space and easy access for large trucks to enter and maneuver. The tenants are very diverse and they include several national companies, both local and state governments, a fitness gym, a brewery/restaurant and a number of smaller successful businesses.