Property 7766672

1.25 Acres in Plumas County

88 W Sierra Avenue Portola CA 96122  |  Plumas County, CA
  • $1,950,000
  • 1.25 acres

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Listing Status: Active
Listing Type: Sale
Property Type(s):
MLS ID: PMLSCA
Irrigated: No
Residence: No
Property ID: 7766672
Property Website

Property Description

This listing consists of two well established commercial properties located in Portola and Loyalton, CA and additional commercial land adjacent to the Portola building which serves as commercial storage and excess parking for the Portola Store. The entire collection of properties are leased to a single tenant, that has been in place since buying the operating business in February 2014. Existing leases (3) run to February 2024 and tenant holds three additional 5 year options to extend. The leases are NNN and contain a base rent plus an annual CPI adjustment. Today the combined leases generate gross income of $205,000 and NET operating income to the landlord of $166,200 / year resulting in a 8.50% CAP rate. This is a commercial investment opportunity for a buyer that will provide stablized income from an established and experienced tenant. Both buildings are well maintained and are located in the city center of each location.

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MARK SMITH

REMAX MOUNTAIN LIVING

(530) 836-6830 (work)

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Contact Seller

MARK SMITH

REMAX MOUNTAIN LIVING

(530) 836-6830 (work)

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