$2,659,097*
●
Commercial -
Off Market
88 W Sierra Avenue
Portola, CA 96122
Studio
0 Bath
$1,643,000 - $2,007,000
Reference Base Price*
45.70%
Since Feb 1, 2020
National-US
Primary Model
About This Property
This listing consists of two well established commercial properties
located in Portola and Loyalton, CA and additional commercial land
adjacent to the Portola building which serves as commercial storage
and excess parking for the Portola Store. The entire collection of
properties are leased to a single tenant, that has been in place
since buying the operating business in February 2014. Existing
leases (3) run to February 2024 and tenant holds three additional 5
year options to extend. The leases are NNN and contain a base rent
plus an annual CPI adjustment. Today the combined leases generate
gross income of $205,000 and NET operating income to the landlord
of $166,200 / year resulting in a 8.50% CAP rate. This is a
commercial investment opportunity for a buyer that will provide
stablized income from an established and experienced tenant. Both
buildings are well maintained and are located in the city center of
each location.
Unit Size
-
Days on Market
-
Land Size
1.25 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
-
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 3, 2020 | No longer available | - | |
No longer available | |||
Apr 1, 2018 | Listed | $1,825,000 | |
Listed |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/01/2018
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Studio
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Studio
-
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-
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-
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