13296 E Highway 88
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13296 E Highway 88
2,020 SF Office Building Lockeford, CA 95237 £394,215 (£195/SF) 4.56% Net Initial Yield
Investment Highlights
- Right off Hwy 88
- Located to downtown Lockeford
Executive Summary
Prime Commercial Space in Lockeford, California Perfectly situated on Highway 88, this 2,020 square foot office building, offers a pristine location with substantial visibility. Boasting a high traffic count, this property provides extensive marketing exposure for businesses looking to establish themselves in this vibrant area.The office building presents five offices of various sizes, catering to a range of business needs. Among these, a larger office stands ready to serve as a conference room, ideal for meetings or collaborative work sessions. Additionally, tenants will find a convenient common area featuring central storage space, copier equipment area, and a compact kitchenette. Lockeford, an unincorporated community within San Joaquin County,holds rich historical significance as California Historical Landmark #365. Named after Dean Jewett Locke, one of the original settler.
Data Room Click Here to Access
- Title and Insurance
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
2,020 SF
Building Class
C
Year Built
1975
Price
£394,215
Price Per SF
£195
Net Initial Yield
4.56%
NOI
£17,976
Tenancy
Single
Number of Floors
1
Typical Floor Size
2,020 SF
Building FAR
0.31
Land Acres
0.15 AC
Zoning
Professional
Parking
9 Spaces (4.46 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Kitchen
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- T & S West
- Real Estate
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| T & S West | Real Estate | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | 019-020-17 | Improvements Assessment | £148,233 |
| Land Assessment | £63,527 | Total Assessment | £211,760 |
PROPERTY TAXES
Parcel Number
019-020-17
Land Assessment
£63,527
Improvements Assessment
£148,233
Total Assessment
£211,760
-
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13296 E Highway 88
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