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Office

1920 W Princeton Ave

1920 W Princeton Ave, Visalia, CA 93277

Listing Price: $2,000,000

Cap Rate
6.10%
Gross SF
8,000
Rentable SF
8,000
Price/Gross SF
$250.00
Lot Size
0.97 acres
Year Built
1973

Investment Overview

Marcus & Millichap are pleased to present this (2) Two-Story Office Building located in Visalia, CA. Built in 1973, this (17) unit Office Building is located at 1920 W Princeton Ave Visalia, CA 93277. APN: 096-301-022. The property is situated on a large lot of 42,253sf. With a total Rentable Building SF of 8,000sf, The first (1st) and Second (2nd) Floor offer rentable office units. Offering an attractive mix of unit sizes, this building favors a multitude of current and potential tenants. Each floor shares its own set of restrooms. Most tenants have been long-term and enjoy the location. Being centrally located in Visalia, CA it attracts a healthy traffic of clients to their business. With over 50 parking spaces, both tenants and tenant clients have comfortable access in and out of the property. The current Landlord covers all utilities, new owner can implement a utility bill-back and or CAM fees to current tenants. Most rents are below current market rent also allowing new owner to have an up-side.

This property is conveniently located near National Credit Tenants, The Visalia Mall, Schools, dining, and more. With its convenient location you are in the vicinity of a large rental tenant pool.

Investment Highlights

  • Location, Location, Location
  • Value Add/ Upside Potential
  • Office Spaces are Well Maintained and Generally Full
  • Located in the Desirable Area of Visalia
  • Located in a Very Strong Rental Market with Large Rental Pool
  • Located Near Downtown Retail, Eateries, and Schools

Exclusively Listed By

Financing By

Office

1920 W Princeton Ave

Listing Price: $2,000,000

Cap Rate
6.10%
Gross SF
8,000
Rentable SF
8,000
Price/Gross SF
$250.00
Lot Size
0.97 acres
Year Built
1973

Investment Highlights

  • Location, Location, Location
  • Value Add/ Upside Potential
  • Office Spaces are Well Maintained and Generally Full
  • Located in the Desirable Area of Visalia
  • Located in a Very Strong Rental Market with Large Rental Pool
  • Located Near Downtown Retail, Eateries, and Schools

Investment Overview

Marcus & Millichap are pleased to present this (2) Two-Story Office Building located in Visalia, CA. Built in 1973, this (17) unit Office Building is located at 1920 W Princeton Ave Visalia, CA 93277. APN: 096-301-022. The property is situated on a large lot of 42,253sf. With a total Rentable Building SF of 8,000sf, The first (1st) and Second (2nd) Floor offer rentable office units. Offering an attractive mix of unit sizes, this building favors a multitude of current and potential tenants. Each floor shares its own set of restrooms. Most tenants have been long-term and enjoy the location. Being centrally located in Visalia, CA it attracts a healthy traffic of clients to their business. With over 50 parking spaces, both tenants and tenant clients have comfortable access in and out of the property. The current Landlord covers all utilities, new owner can implement a utility bill-back and or CAM fees to current tenants. Most rents are below current market rent also allowing new owner to have an up-side. This property is conveniently located near National Credit Tenants, The Visalia Mall, Schools, dining, and more. With its convenient location you are in the vicinity of a large rental tenant pool.

Exclusively Listed By

Financing By

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