61 Main St
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61 Main St
5,100 SF 100% Leased Light Industrial Building Isleton, CA 95641 £413,618 (£81/SF) 9% Net Initial Yield
Executive Summary
Fantastic 5,100 sq. ft. mixed-use commercial building located on a well situated corner lot in downtown Isleton. The building is currently configured for three use types; retail, warehouse/manufacturing and residential, however, the property is flexible and can accommodate a number of different configurations and uses. The zoning code allows for a wide variety of permitted uses. The retail & residential portion consists of 2,100 sq. ft. of reinforced brick construction with 12' clear height and forced air heating. The fully functional residential unit consists of 1 bedroom / 1 bath and a kitchen with fridge, oven/stove and microwave. It is approximately 1,000 sq. ft. in size. The entire building has new double paned windows and concrete floors. The warehouse/manufacturing portion is of metal construction with a sloped metal roof, 14' clear height and (2) 12' roll-up doors. There are three bathrooms, one in each portion of the building. Approx. 5 - off street parking spaces. This is an attractive property for an owner user or investor. Pro forma indicates $46,800 NOI on a 9% Cap. Expanding population means these small Delta towns are becoming hot spots to invest and operate in. Don't miss out on checking out this property.
This property will move, owners are motivated and certain terms are negotiable. With 30% cash down owners are willing to carry the remainder on negotiable terms at below market rates. Escrow pre-opened with Old Republic Title. Call listing agent, Matt Roberts - (925) 339-7445 for information and appointments.
This property will move, owners are motivated and certain terms are negotiable. With 30% cash down owners are willing to carry the remainder on negotiable terms at below market rates. Escrow pre-opened with Old Republic Title. Call listing agent, Matt Roberts - (925) 339-7445 for information and appointments.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | £47,725 | £9.36 |
Other Income | - | - |
Vacancy Loss | £3,977 | £0.78 |
Effective Gross Income | £43,748 | £8.58 |
Net Operating Income | - | - |
Financial Summary (Pro forma - 2024)
Gross Rental Income | |
---|---|
Annual | £47,725 |
Annual Per SF | £9.36 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | £3,977 |
Annual Per SF | £0.78 |
Effective Gross Income | |
---|---|
Annual | £43,748 |
Annual Per SF | £8.58 |
Net Operating Income | |
---|---|
Annual | - |
Annual Per SF | - |
Property Facts
Price | £413,618 | Rentable Building Area | 5,100 SF |
Price Per SF | £81 | Number of Floors | 1 |
Sale Type | Investment or Owner User | Year Built | 1956 |
Net Initial Yield | 9% | Clear Ceiling Height | 14 ft |
Property Type | Light Industrial | Level Access Doors | 2 |
Property Subtype | Light Manufacturing | Cross Streets | H |
Building Class | C | Opportunity Zone |
Yes
|
Price | £413,618 |
Price Per SF | £81 |
Sale Type | Investment or Owner User |
Net Initial Yield | 9% |
Property Type | Light Industrial |
Property Subtype | Light Manufacturing |
Building Class | C |
Rentable Building Area | 5,100 SF |
Number of Floors | 1 |
Year Built | 1956 |
Clear Ceiling Height | 14 ft |
Level Access Doors | 2 |
Cross Streets | H |
Opportunity Zone |
Yes |
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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zoning
Zoning Code | CC - Central Commercial |
CC - Central Commercial |
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61 Main St
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