975 Bevins Street

  • Lakeport

  • $6,250,000
  • Acres
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Commercial Sale Details

Description & Essential
Description
Gateway Business Park is a relatively new commercial property with high income and low maintenance expenses that provides for a very nice net income. It is presently 100% leased to a core of excellent tenants, which includes several national companies, local and state governments, a fitness gym, a brewery/restaurant and a number of smaller successful businesses. The business park is the newest and most desirable commercial facilities in the area, and thus has a waiting list for both the commercial spaces and the storage units. It is located in Lakeport, CA (the county seat), close to the freeway entrance, and has easy access and sufficient space in the parking lot for large trucks to maneuver. The park is comprised of five buildings with 34 possible commercial units and 18 storage units (all 12 X 30). Some of the tenants take several units so presently full occupancy is only 18 tenants plus the storage rentals. A number of the storage units are used by the growing commercial tenants who need extra space and the rest are rented to the general public. CAM charges cover most of the costs for maintenance, lighting and liability insurance. The park has sufficient parking and the premises are well maintained. The seller is motivated and the price has been reduced by $1,200,000.00, so the property is now being offer at a cap rate of 8% with the current income and expenses. A must see property.
Essential
MLS #LC16011899
Lot Price Per SqFt$38.97
Price Per SqFt$113.72
Sub-TypeIndustrial
CountyLake
StateCA
AreaLCLPS - Lakeport South
StatusActive
Sale TypeStandard
Number Of Units18
Number Of Buildings5
Building StatusExisting
Land UseIndustrial,Office,Retail
Listing BrokerageSchall Realty
Listing AgentRobert Schall
Listing Agent BRE #01008768

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Based on information from California Regional Multiple Listing Service, Inc. as of Sunday, October 8, 2017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.