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1915 Springs Rd

3,015 SF Office Building Vallejo, CA 94591 £622,048 (£206/SF) 5% Net Initial Yield

Investment Highlights

  • Fully leased medical building with two dental tenants
  • Private parking and fully built out spaces
  • Accessible from the Dwight D Eisenhower Freeway

Executive Summary

Well maintained property with provide parking lot. business for sale separately is not included in this transaction, and all of the equipment are sales with business not with the building. Close to 80,780, and shopping center and school.

Financial Summary (Actual - 2022)

Annual Annual Per SF
Gross Rental Income £47,366 £15.71
Other Income - -
Vacancy Loss - -
Effective Gross Income £47,366 £15.71
Taxes £4,404 £1.46
Operating Expenses £11,860 £3.93
Total Expenses £16,264 £5.39
Net Operating Income £31,102 £10.32

Financial Summary (Actual - 2022)

Gross Rental Income
Annual £47,366
Annual Per SF £15.71
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £47,366
Annual Per SF £15.71
Taxes
Annual £4,404
Annual Per SF £1.46
Operating Expenses
Annual £11,860
Annual Per SF £3.93
Total Expenses
Annual £16,264
Annual Per SF £5.39
Net Operating Income
Annual £31,102
Annual Per SF £10.32

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,015 SF
Building Class
C
Year Built
1978
Price
£622,048
Price Per SF
£206
Net Initial Yield
5%
NOI
£31,102
Tenancy
Single
Number of Floors
1
Typical Floor Size
3,015 SF
Building FAR
0.29
Lot Size
0.24 AC
Zoning
Medical Bldg/ Clinic
Walk Score ®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0071-052-550
Land Assessment
£93,384 (2023)
Improvements Assessment
£242,275 (2023)
Total Assessment
£335,659 (2023)
Annual Taxes
£4,404 (£1.46/sf)
Tax Year
2022
  • Listing ID: 26354937

  • Date on Market: 08/08/2022

  • Last Updated:

  • Address: 1915 Springs Rd, Vallejo, CA 94591

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