Available For Sale - Office

8,704 SF | Show Pricing $

LISTED BY

Jared Ennis
Central CA Commercial, 559-705-1000

AVAILABILITY DETAILS

Size
8,704 SF
Price/SF
Show Pricing $
Listing ID
SA533077
Notes
Freestanding Modified-Net Limited Landlord Responsibility Government Guaranteed 13-Year Occupied US Ranger Station. Recent 2012 $1M remodel/expansion as part of the 15-year lease. The 319,491-acre Western Divide Ranger District encompasses the southern portion of the Giant Sequoia National Monument and is centrally located in Sequoia National Forest. This Building is used by US Forrest Service and Fire Jumper Division’s for all the Mountain Watch Areas. Visitors look forward to meandering along the Trail of 100 Giants, scenic view from the top of Dome Rock, the quant towns of Camp Nelson/Ponderosa, or perhaps a backcountry hike into the Golden Trout Wilderness. The district offers 9 developed campgrounds (including groups sites), rental cabins, developed day use areas, 296 miles of trails, 338 miles of off-highway vehicle routes that offer miles of winter-time ski or snowmobile routes and much more.



This safe and secure deal houses a government tenant on only $27.17/SF/YEAR rent, securing this extremely safe and lucrative lease. With years left in the current lease (11/1/2012 thru 10/31/2027), this property will experience a dramatic increase in NOI with market rent by renegotiating a lease extension, as there are no pre-negotiated options. Additional expansion land included offering many years of growth at this site. The deal offers a 7.38% CAP rate and a 1.4 Debt Coverage Ratio when leveraged with 30% down!
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jared Ennis, Central CA Commercial
BRE# 01945284