Bought with Gerald Bendix
$690,000
$1,070,000
35.5%For more information regarding the value of a property, please contact us for a free consultation.
5,312 SqFt
SOLD DATE : 10/25/2024
Key Details
Sold Price $690,000
Property Type Commercial
Sub Type C
Listing Status Sold
Purchase Type For Sale
Square Footage 5,312 sqft
Price per Sqft $129
MLS Listing ID 24-1429
Sold Date 10/25/24
Year Built 1972
Lot Size 1.500 Acres
Acres 1.5
Property Sub-Type C
Source Shasta Association of REALTORS®
Property 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%
Location
State CA
County Modoc
Direction 1.8 miles South of Tulelake, CA on State Highway 139.
Exterior
Roof Type Metal
Building
Building Description Wood Siding, Wood Siding
Level or Stories NaN
Structure Type Wood Siding
Others
Senior Community No
Tax ID 005-120-032-000
Security Features Smoke Detector(s)
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