Investment Overview

Marcus & Millichap is pleased to offer "The Jackson Building" at 426 1st Street in Woodland, CA 95695. This is a unique and attractive investment opportunity in the commercial real estate market. The property is a historic, three-story mixed-use office/retail building that has been beautifully restored and maintained over the years. The building is located on the corner of Bush and First Streets, taking advantage of its prominent location in the heart of Woodland. The property was originally built in 1891 by a prominent Woodland physician and investor, Dr. George Jackson, and is listed on the National Register of Historic Places. It was developed as an upscale apartment building with commercial shops. Over the years, it has undergone several renovations and upgrades, including the installation of modern amenities while preserving its historic charm. Currently, the property features a total of 12 units, all of which are fully leased, generating steady and reliable rental income. The diversified tenant mix includes an architectural firm, insurance services, massage therapy, a restaurant, a bar, and a firm that designs transportation solutions. "Prudential" has been at this location since 1/1/1986, and "Transcore" has been at this location since 8/16/1995, providing a long-term source of stable rental income. The rest of the tenants, including Mojo's Lounge Kitchen428 Restaurant, have been at the location since 2012, showing a consistent demand for this attractive location. The anchor tenant of the property is Mojo's Lounge & Kitchen428 Restaurant, a well-known restaurant with great reviews on Yelp and Google. Mojo's Lounge & Kitchen428 Restaurant has been operational at this location since 2011 and recently extended their lease an additional 5 years, which ends on January 1st, 2028. They are a solid tenant for the property due to their well-known reputation, which brings consistent foot traffic to the property. In addition to their reputation, Mojo's Lounge & Kitchen428 Restaurant also pays market rents in addition to percentage sales rents, which increases the property's net operating income (NOI) year after year. The property at 426 1st Street represents a unique and attractive investment opportunity, combining historic charm with modern amenities and stable rental income from a diverse group of tenants, including the well-known Mojo's Lounge Kitchen428 Restaurant. The long-term tenants provide a stable source of rental income, while the new tenants show a consistent demand for this prime location. Overall, this property is a compelling investment opportunity for anyone looking to invest in the commercial real estate market.