Property Listing No Longer Available for Sale

8972 E Lacey Blvd, Hanford, CA

Industrial for Sale - $490,000 - 12,850 Sq. Ft. on 0.69 acres


Property Info

CIMLS#872699
Location
  8972 E Lacey Blvd
  Hanford CA 93230
UpdatedFebruary 16th, 2018
TypeIndustrial
Price$490,000
Building12,850 Sq. Ft.
Land0.69 acres

Property Description

Three Freestanding Buildings: Office/Warehouse, Warehouse, and Retail building in a well located developing area currently with two tenants month-to-month at below market rents. Front building sets up well as a retail space (two story) and rear building as light industrial use. Owner can utilize one building and rent the other out or an investor can secure tenants with leases. Great SBA candidate! NOI is $37,200 per year after all expenses. For sale at only $38.13 per square foot!

Location Description:

Property' s well located off Lacey Blvd just North of CA-198 and East of 10th Avenue. Highway 198 is a major Highway that connects to Lemoore & LNAS to the west and Visalia to the east.

Highlights:

>> Owner-User/Investment Opportunity in Hanford

>>


Financials

Sales Info:

>> Cap rate: 7.59%

>> Commision split: 3.0%

>> NOI: $37200