49870 CA-139, Tulelake, CA 96134
$690,000
Property Type:
Comm/Industrial
Square Footage:
5,312
Lot Size (sq. ft.):
65,340
Status:
Closed
Current Price:
$690,000
List Date:
4/06/2024
Last Modified:
10/27/2024
Description
Price Reduced. Sellers motivated. Since 1972 this 2 building complex and real property has been leased to the US Forest Service as administrative office of the Doublehead Ranger District. The current lease commenced 1/1/22 and expires 12/31/2041 with present firm term ending 12/31/31. It is a full service lease with Lessor providing utilities, janitorial, and landscaping. Shell lease rates escalate 3% biennially. Present annual rental rate is $163,503.36. Cap rate is 10.00%
More Information MLS# 24-1429
Address Information
Street Number: 49870
Street Name: CA-139
Cross Street: 103B
State/Province: CA
Postal Code: 96134
County: Modoc
Property Description
Current Price: $690,000
Type: C
Area: 99 - Outside Area
List Price: 1070000
Parcel Number: 005-120-032-000
Sq Ft - Building: 5312
Sq Ft - Lot: 65340
SqFt - Bldg Rentable: 5312
GP Zone: Unknown
Zoning: Unknown
Year Built: 1972
Year Built Desc: 30+
Remarks
Public Remarks: Price Reduced. Sellers motivated. Since 1972 this 2 building complex and real property has been leased to the US Forest Service as administrative office of the Doublehead Ranger District. The current lease commenced 1/1/22 and expires 12/31/2041 with present firm term ending 12/31/31. It is a full service lease with Lessor providing utilities, janitorial, and landscaping. Shell lease rates escalate 3% biennially. Present annual rental rate is $163,503.36. Cap rate is 10.00%
Directions: 1.8 miles South of Tulelake, CA on State Highway 139.
Contract Information
Listing Contract Date: 2024-04-04
Status: Closed
Sold Date: 2024-10-25
Under Contract Date: 2024-07-31
Sold Price: $690,000
List Date: 2024-04-04
Parking
# Off Street Spaces: 46
Addl Lease Info
# of Tenants: 1
Property Features
Business Type: Office
Present Use: Office
Parking: Private
Sale Inclusions: Lease
Exterior: Wood
Roof: Metal
Lease Term: More than 10 Years
Lease Type: Gross
Expense Data Source: Tax Return
Miscellaneous: Smoke Detector
Utilities: 110V; Public Water
Available Terms: All Cash to Seller
Photo: Agent Upload
Possession: Close of Escrow
Selling Terms: Cash; Exchange
Listing Office: Gerald Bendix
Last Updated: October - 27 - 2024
Information deemed reliable but not guaranteed.