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    236 Georgia Street

    Vallejo, CA 94590
    • $2,388,000
    • STATUS: Active
    • ON SITE: 65 days
    • ID#: 22022820
    UPDATED: 42 min ago
    $2,388,000
    • 0
      BEDS
    • 0.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,470
      SQFT
    • $191
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1993
    County:
    Area:

    School Ratings & Info

    Description

    Supreme Downtown Location within a Federal Opportunity Zone. This amazing investment is a well maintained fully leased multi-tenant two-story Class B building consisting of 12470 +/- rentable square feet with 8 current office spaces and 7 tenants with modified gross leases. The tenant mix for the property consists of a variety of businesses. Private parking lot with 19 parking spaces with ample street parking. The interior has 2 common bathrooms on each level along with an Elevator. The Proforma estimate for this investment is yielding a capitalization rate of 5.1%. The Georgia Street frontage benefits every Saturday of the year with the Farmer's Market foot traffic. Constructed in 1993, the building is on highly visible street near shops, restaurants, banks, City Hall, future Waterfront and Mare Island development projects, 1 block from the Vallejo Transit Center and 2 blocks from the Vallejo Ferry Terminal to San Francisco.

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    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hiraeth Homes. Data last updated: 2020-12-05T16:55:56.427.
    www.hiraethhomes.com/homes/110523890
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    236 Georgia Street Vallejo, CA 94590

    • Price: $2,388,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: 22022820
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.6
    Acres
    12,470
    SQFT
    $191
    $/SQFT
    1993
    Built
    Neighborhood:
    Vallejo 5
    County:
    Solano
    Area:
    Vallejo 5
    Property Description
    Supreme Downtown Location within a Federal Opportunity Zone. This amazing investment is a well maintained fully leased multi-tenant two-story Class B building consisting of 12470 +/- rentable square feet with 8 current office spaces and 7 tenants with modified gross leases. The tenant mix for the property consists of a variety of businesses. Private parking lot with 19 parking spaces with ample street parking. The interior has 2 common bathrooms on each level along with an Elevator. The Proforma estimate for this investment is yielding a capitalization rate of 5.1%. The Georgia Street frontage benefits every Saturday of the year with the Farmer's Market foot traffic. Constructed in 1993, the building is on highly visible street near shops, restaurants, banks, City Hall, future Waterfront and Mare Island development projects, 1 block from the Vallejo Transit Center and 2 blocks from the Vallejo Ferry Terminal to San Francisco.
    Exterior Features

    Dock Doors 0 Exterior Wood Foundation Slab Loading None Location Downtown Lot Description Mid Block Parking 11-25 On SiteCarport(S)CoveredPrivate Lot Parking Spaces 19 Road Frontage City Street Roof Other Structures Detach BldgOffice Bldg

    Interior Features

    Accessibility Feat DoorsElevatorParking Ceilings Under 12' Elevators Yes Energy Conservation Other Floor Number 2 Floors Carpeted Heat Cool Central AirCentral HeatZoned AirZoned Heat Industrial Sq Ft 0.00 Min Avail Sq Ft 0.00 Miscellaneous DumpsterElevator(S)Fenced YardFront SignLandscapingRestroom/UnitSkylight(S)Sprinkler Sys Office Sq Ft 12470.00 Offices 7 Percent Office 100 Restrooms 4 Retail Sq Ft 0.00 Stories 2 Story Tenant Allow Fixed 0.00 Tenant Allow Sq Ft 0.00 Tenant Sq Ft 0.00 Walls Sheetrock Warehouse Sq Ft 0.00

    Property Features

    Auction No Building Complex Garden Plaza Buildings 1 Business Type Other Cap Rate 5.10 City Transfer Tax Yes City Transfer Tax Rate 0.00 Close To Public TransportatioRestaurantsShopping Commercial Type Office Condition Exterior-Very GoodInt-Very Good Construction Status Completed Current Use Office Est Insurance Exp 2500.00 Est Maintenance Exp 6927.75 Est Management 0.00 Est Misc Expenses 10392.43 Est Net Income 121895.98 Est Taxes 29850.00 Est Total Annual Exp 56085.50 Est Utilities Exp 6415.32 Exchange For None GRM 13.42 Gross Income Incl Rents Gross Scheduled Inc 177981.48 Lease Deposit 0.00 Load Factor CAM 0 Maximum Lease Yrs 0 Minimum Lease Yrs 0 Monthly Expenses 4673.79 Monthly Income 10157.99 New Construction Or Resale Resale Rentable Yes Safety Security Fire AlarmsFire SprinklersSecurity CameraSecurity SystemSmoke Detectors Seller Will Consider Cash OnlyConventionalExchange/TradeOwner FinancingSba Loan Sewer Septic Sewer Public Source Of Financials Owner Special Zones Unknown Square Footage Source Realist Public Rec Tenants 7 Total Expenses Incl InsuranceMaintenanceProp TaxesUtilitiesOther Transaction Type Sale Utilities 3 Phase400 Or More AmpsCable AvailableGarbage ServiceInternet AvailableMaster Water MeterSep Elec MeterSep Gas MeterTelephone Vacancy Factor 0.00 Water Source Water Public Year Built Source Realist Public Rec Zoning District-Downtown-Waterfront Commercial

    Listing information © 2020 Bay Area Real Estate Information Services.
    Listing courtesy of Rosanna Souza of Tipp Realty At Glen Cove.


    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hiraeth Homes. Data last updated: 2020-12-05T16:55:56.427.
     
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