341 Trinity Avenue

    Chowchilla, CA 93610
    • $1,375,000
    • STATUS: Active
    • ON SITE: 35 days
    • MLS #: 20003665
    UPDATED: 59 min ago
    $1,375,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2009
    County:

    School Ratings & Info

    Description

    The Trinity Office Bldg. is a very attractive multi-tenant office bldg.built in 2009. It's fully occupied with 5 separate tenants. Gross Scheduled Rents of $135588 / year (i.e. current rents of $11,299/ month). With 30% down + estimated 2% closing costs the Cash on Cash rate of return is projected to be 8.81% (i.e. a 3.9% interest rate & a 25-yr. amortization schedule with a 5 interest rate reset and a 10 year balloon). Price is a 7.03% Capitalization Rate. Beautiful 'Pride of Ownership' property located within 1 block from City Hall, in the middle of the City's newer professional office buildings area and 1 block from City's primary arterial, Robertson Boulevard. There is parking behind the building off of the alley and also the building has 9 designated parking spaces in the City owned Parking Lot across 4th St. from the office. Aso street parking in front of building on both Trinity Avenue and 4th Street.

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    © 2020 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2020-02-25T12:38:29.35. MetroList® MLS Terms of Use. IDX provided by BoomTown.
    www.findmyhomeroseville.com/homes/102448744

    341 Trinity Avenue Chowchilla, CA 93610

    • Price: $1,375,000
    • Status: Active
    • Updated: 59 min ago
    • MLS #: 20003665
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2009
    Built
    Neighborhood:
    Madera County
    County:
    Madera
    Area:
    Madera County
    Property Description
    The Trinity Office Bldg. is a very attractive multi-tenant office bldg.built in 2009. It's fully occupied with 5 separate tenants. Gross Scheduled Rents of $135588 / year (i.e. current rents of $11,299/ month). With 30% down + estimated 2% closing costs the Cash on Cash rate of return is projected to be 8.81% (i.e. a 3.9% interest rate & a 25-yr. amortization schedule with a 5 interest rate reset and a 10 year balloon). Price is a 7.03% Capitalization Rate. Beautiful 'Pride of Ownership' property located within 1 block from City Hall, in the middle of the City's newer professional office buildings area and 1 block from City's primary arterial, Robertson Boulevard. There is parking behind the building off of the alley and also the building has 9 designated parking spaces in the City owned Parking Lot across 4th St. from the office. Aso street parking in front of building on both Trinity Avenue and 4th Street.
    Exterior Features

    Construction Frame Door Other Exterior Stucco Location Restaurant NearbyOther-Rmks Lot Dimensions 10500 Miscellaneous Features Other-Rmks Parking OpenPublicStreetOther-Rmks Roof Flat/Low Pitch Stories 1 Story

    Interior Features

    Air Central Floor Carpet PartialLinoleum/Vinyl Heat Central Loading Other-Rmks Sq Ft Space1 0 Sq Ft Space2 0 Sq Ft Space3 0 Sq Ft Space4 0

    Property Features

    Amenities Other-Rmks CCRs No Commercial Type Office Cross Street Address 4th Street Disability Features DoorsGrab BarsRamp Income Other-Rmks Lease Terms Copy Of Agrmnt AvailOther-Rmks Other Expenses Maint LandscapeSupplies Price Per Sq Ft Space1 0.00 Price Per Sq Ft Space2 0.00 Price Per Sq Ft Space3 0.00 Price Per Sq Ft Space4 0.00 Special Listing Condition None Tenant Pays Individual Meters Transaction Type Sale Year Lease Space1 0 Year Lease Space2 0 Year Lease Space3 0 Year Lease Space4 0 Zoning Commercial

    Listing provided courtesy of Tinetti Realty. Listing information © 2020 MetroList Services, Inc.


    © 2020 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2020-02-25T12:38:29.35. MetroList® MLS Terms of Use. IDX provided by BoomTown.
     
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