119 N Butte St 17,000 SF 100% Leased Office Building Willows, CA 95988 $1,869,140 CAD ($109.95 CAD/SF) 7.96% Cap Rate
INVESTMENT HIGHLIGHTS
- Downtown location heavy foot traffic, good parking in town
- Located just 20 minutes outside of San Francisco making for easy transit
- Open plan with exposed brick walls.
- Visible signage available for prospective tenants
EXECUTIVE SUMMARY
Outstanding building in downtown Willows. 1st Floor is office space and was occupied by the Glenn Superior Court of California Through 12/31/23. Long term lease since 2008, full Data Drop throughout the first floor, ADA restrooms and Breakroom, LED Lighting throughout.
Upper floors are vacant and available for owner user, redevelopment into residential or new tenants under current usage. Upper floors are event space/ballroom +multiple offices and bathrooms.
Upper floors are vacant and available for owner user, redevelopment into residential or new tenants under current usage. Upper floors are event space/ballroom +multiple offices and bathrooms.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
17,000 SF
Building Class
B
Year Built/Renovated
1911/2015
Price
$1,869,140 CAD
Price Per SF
$109.95 CAD
Cap Rate
7.96%
NOI
$148,827 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
5,000 SF
Building FAR
2.30
Lot Size
0.17 AC
Zoning
CZ - Central Commercial; Cannabis, Retail, Office, Flex, Special Event, Church, Multi Family, Residential
Parking
8 Spaces (0.47 Spaces per 1,000 SF Leased)
AMENITIES
- Conferencing Facility
- Security System
- Signage
- Air Conditioning
- Balcony
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
1st Floor is office space and retail with potential for cannabis use. Space includes full Data Drop throughout the first floor, ADA restrooms and Breakroom, LED Lighting throughout.
Upper floors are vacant and redevelopment into residential or new tenants under current usage. Upper floors are event space/ballroom with multiple offices and bathrooms.
Upper floors are vacant and redevelopment into residential or new tenants under current usage. Upper floors are event space/ballroom with multiple offices and bathrooms.
- 4th Floor
- 2,000 SF
- Office
- Partial Build-Out
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 5,000 SF | Office/Retail | Full Build-Out | 30 Days |
| 2nd Floor | 5,000 SF | Office | Full Build-Out | 30 Days |
| 3rd Floor | 5,000 SF | Office | Full Build-Out | 30 Days |
| 4th Floor | 2,000 SF | Office | Partial Build-Out | 30 Days |
1st Floor
| Size |
| 5,000 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Floor
| Size |
| 5,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
3rd Floor
| Size |
| 5,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
4th Floor
| Size |
| 2,000 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
Walk Score®
Very Walkable (71)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
7,256
8,162
8,676
2024 Population
7,750
8,641
9,032
Population Growth '20-'24
6.8%
5.9%
4.1%
2020 Households
2,654
2,994
3,185
2024 Households
2,855
3,191
3,337
Household Growth '20-'24
7.6%
6.6%
4.8%
Average Age
39
39
39
Median Household Income
$52,321
$53,398
$53,895
Daytime Employees
3,730
4,188
4,673
Total Businesses
491
540
553
College Degree + Higher
12%
12%
13%
$ values in USD
PROPERTY TAXES
| Parcel Number | 002-162-017-000 | Improvements Assessment | $425,118 CAD (2024) |
| Land Assessment | $141,707 CAD (2024) | Total Assessment | $566,825 CAD (2024) |
