Available For Sale - Office

5,100 SF | Show Pricing $

AVAILABILITY DETAILS

Size
5,100 SF
Price/SF
Show Pricing $
Listing ID
SA381093
Notes
±5,100 SF commercial building in the heart of Porterville's downtown. Very nice, clean freestanding open office building with its own parking lot (plus street parking). Well-maintained yard, professionally maintained building offering multiple private offices, reception area, generous break room, storage, and private restrooms. Positioned against the street offering 4 covered, 4 side, and 4-6 street parking spaces with street signage. The interior is in great condition and features a very functional layout. Leased to Charter until January 2025 at $6,760 per month (NNN), allowing an owner/user to enjoy healthy income, with 3% annual increases starting 2/1/2023.



Current Tenant Information & Lease Details:

As the largest shareholder and co-Founder of Microsoft, Paul G. Allen operates Charter Communications providing services to over 26M customers in 41 states, and uses this facility as office accommodation for their Spectrum: Internet, Cable TV, and Phone.



Charter has occupied the space since 2008 and is in their 5th corporate guaranteed lease extension through January 31, 2025 with no termination clause. The tenant completed a extensive remodel, showing their commitment to the market and location. The vibrant downtown of Porterville attracts various quality tenants surrounding the location bringing great synergy for Charter Communications to flourish. Well known and established office building in a highly traveled area off the "Main and Main".
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