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890 W Lacey Blvd

6,720 SF Retail Building Hanford, CA 93230 £1,630,611 (£243/SF) 6.83% Net Initial Yield

Investment Highlights

  • Regional Bank
  • Minimal Management
  • Great 1031
  • High Visibility
  • NNN

Executive Summary

Have a short window and need to lace a small purchase? Look no further. This outstanding asset is a strong STNL performer. This regional bank is a stronghold in Central California and a 20+ year site location. With 2% annual increases, WestAmerica is in its 5th amendment, with 1.5 years left on the first half of the amendment and another 5 year option to go.

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Bank
Building Size
6,720 SF
Building Class
C
Year Built
1967
Price
£1,630,611
Price Per SF
£243
Net Initial Yield
6.83%
NOI
£111,419
Tenancy
Single
Number of Floors
1
Building FAR
0.27
Lot Size
0.57 AC
Zoning
CC - Commercial
Frontage
173 ft on Lacey Blvd

Amenities

  • Banking
  • Corner Lot
  • Signage
  • Signalised Intersection
  • Drive Thru
  • Monument Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Westamerica Bancorporation is the holding company for Westamerica Bank, a regional community bank providing consumer and commercial financing with branches throughout Northern and Central California. First chartered in 1884, they've grown into one of the largest commercial banks headquartered in California, and one of the most stable community banks in the nation.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Finance and Insurance 99,999 SF - Lorem Ipsum Jan 0000
Walk Score ®
Very Walkable (80)
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.®

Nearby Major Retailers

Rent-A-Center
Smart & Final
Banc of California
Starbucks
Sizzler
IHOP
Bank of America
Bank of Montreal
Citi
Bank of the Sierra

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
010-500-018-000
Land Assessment
£405,664
Improvements Assessment
£1,216,993
Total Assessment
£1,622,657
  • Listing ID: 30200958

  • Date on Market: 29/11/2023

  • Last Updated:

  • Address: 890 W Lacey Blvd, Hanford, CA 93230

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