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Office

Lacey & Centennial Office Project

West Lacey Boulevard, Hanford, CA 93230

Listing Price: $3,332,340

Lot Size
10.20 acres
Price/Acre
$326,700
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present 10.2-Acres of bare land for commercial development in Hanford, California. Located on Lacey Boulevard, the primary commercial thoroughfare in Hanford, the subject offers location factors unmatched by any other undeveloped parcel in the trade area. The subject sits adjacent to a Lowes anchored retail center and directly North of a planned 316-unit apartment community to be built in two phases. Centennial Avenue which runs North-South along the East side of the subject site is a loop road which provides direct access to Adventist Medical Center, the only hospital in Hanford as well as the King’s County Government Center and the Superior Court. There has been an acute supply shortage in the Hanford submarket going back at least 5-years which little to no new deliveries over that period. At the time of publication there are no new office projects in the development pipeline in Hanford. Portions of the subject site fronting on Lacey Boulevard are suitable for retail pads, for which there is significant demand in Hanford and very little supply (see sample site plans). The subject is generally flat and level and utilities are stubbed to the site.

Investment Highlights

  • Rare Opportunity - the Last Large Parcel Zoned for Office Use in Hanford
  • Proximate to Superior Court, County Gov Center, Hospital, Shopping and More
  • Extremely Low Vacancy in Office Sector in both Hanford Submarket and Greater Hanford-Lemoore MSA
  • Zero New Supply in Pipeline with Considerable Existing Demand and High Growth Projections

Exclusively Listed By

Financing By

Office

Lacey & Centennial Office Project

Listing Price: $3,332,340

Lot Size
10.20 acres
Price/Acre
$326,700
Land Type
Land

Investment Highlights

  • Rare Opportunity - the Last Large Parcel Zoned for Office Use in Hanford
  • Proximate to Superior Court, County Gov Center, Hospital, Shopping and More
  • Extremely Low Vacancy in Office Sector in both Hanford Submarket and Greater Hanford-Lemoore MSA
  • Zero New Supply in Pipeline with Considerable Existing Demand and High Growth Projections

Investment Overview

Marcus & Millichap is pleased to present 10.2-Acres of bare land for commercial development in Hanford, California. Located on Lacey Boulevard, the primary commercial thoroughfare in Hanford, the subject offers location factors unmatched by any other undeveloped parcel in the trade area. The subject sits adjacent to a Lowes anchored retail center and directly North of a planned 316-unit apartment community to be built in two phases. Centennial Avenue which runs North-South along the East side of the subject site is a loop road which provides direct access to Adventist Medical Center, the only hospital in Hanford as well as the King’s County Government Center and the Superior Court. There has been an acute supply shortage in the Hanford submarket going back at least 5-years which little to no new deliveries over that period. At the time of publication there are no new office projects in the development pipeline in Hanford. Portions of the subject site fronting on Lacey Boulevard are suitable for retail pads, for which there is significant demand in Hanford and very little supply (see sample site plans). The subject is generally flat and level and utilities are stubbed to the site.

Exclusively Listed By

Financing By

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