Property Listing No Longer Available for Sale

1010 E Douglas Ave, Visalia, CA

Industrial for Sale - $790,000 - 125,601 Sq. Ft. on 2.88 acres


Property Info

CIMLS#872585
Location
  1010 E Douglas Ave
  Visalia CA 93292
UpdatedApril 18th, 2017
TypeIndustrial
Price$790,000
Building125,601 Sq. Ft.
Land2.88 acres

Property Description

RV storage area, paved and striped with 173 spaces, 135 occupied and 38 available. 10 additional spaces on edges on a total of 2.89 Fully Paved Acres. Each space is 11-12 ft wide with varying depths up to 50 feet., 2015 Annual income of $101,788, and current Annual income of $103,512. Small management office run for $300/week and U Haul Rental business included. MTM transferable U Haul business earns owner a commission off what they sell on your grounds; U Haul covers all liability, maintenance, online transactions, and insurance. The property also has an RV wash station and sewage dump station. It is monitored by a security camera system and is equipped with digital gate access and security lighting. Current rates are: $50 cars, $60 small RV's, $65-100 for large RV's. Has Dump station, electricity throughout entire property for each space. Owner would consider carrying with 55% or more down.

Location Description:

Strategically located off the intersection of N Ben Maddox Way and E Douglas Ave one of the main routes of ingress and egress in and out of the city of Visalia. Location is minutes from Downtown Visalia, 0.8


Financials

Owner would consider carrying with 30% or more down.

Sales Info:

>> Cap rate: 8.87%

>> Commision split: 3.0%

>> NOI: $70062


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