$3,950,000 | Price/RSF $214.13
CAP Rate: 7.91%
- Located within Opportunity Zone - Significant Tax Advantages May be Available
- Pro Forma CAP Rate on 6.1.2019 - 7.91%. The Premier Investment | Owner/User Facility in the Heart of Merced.
- Current CAP Rate - 8.93%. Enjoy the income from this 100% Government leased building through 5.20.2019 while preleasing the building or preparing for
owner/user occupancy. - Cornerstone office Building, located at the NWC Main St. and Canal St. in the center of Downtown Merced’s retail and office scene.
- A One-of-a-Kind Opportunity to Purchase an Iconic Merced User Building.
- Distinct Architectural Features. Listed on the National Registry and Historic Places.
- Built in 1928 as Bank of Italy, and restored in 2003 and 2004.
- Located in the hub of culture and performing arts, galleries, fine restaurants and the seat of government with county courts, City Hall and administrative buildings.
| Cheryl Pestor Senior Vice President 626.204.1529 cpestor@naicapital.com Cal DRE Lic #00810674 |
NAI Capital 225 S. Lake Avenue Suite 1170 Pasadena, CA 91101 626.564.4800 |
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