1255 Airport Park Blvd. Ukiah, CA 95482-7400 | 1255 Airport Park Blvd
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1255 Airport Park Blvd. Ukiah, CA 95482-7400 1255 Airport Park Blvd
457,816 SF Retail Building Ukiah, CA 95482 $24,276,005 CAD ($53 CAD/SF) 6.65% Cap Rate
Investment Highlights
- 100% Leased Single Tenant Retail Asset
- Constructed circa 1995 for existing tenant, a multi-location home improvement center operator.
- Attached 5945 +/- Sq Ft retail canopy (Garden Center), separate 41,472 +/- Sq Ft dry storage building, 258 +/- space parking lot.
- Absolute NNN Lease, tenant responsible for building shell, roof, all exterior and interior improvements and maintenance.
- 80,400 +/- Sq Ft bulk retail store, with new 50 year roof, back-up generator, sprinklers, and loading dock.
- Total of 10.51 +/- acres with excellent freeway exposure, 700 +/- frontage on Mendocino County's most prominent commercial corridor.
Executive Summary
First time offered for sale since new circa 1995. Constructed 30 +/- years ago for the existing Tenant/Operator with multiple other locations. Prime opportunity to invest in a 100% leased, single-tenant retail asset with a proven, predictable and growing income stream. Constructed and continuously occupied by the existing tenant (Home Improvement Center). Pristine facilities have been consistently maintained and upgraded since new. Improvements include 80,400 +/- sq. ft. Bulk Retail store with new 50 year Gaco-Silicone roof, fire sprinklers, back-up generator, loading dock, and 258 +/- space parking lot. Additional 5,945 +/- sq. ft. retail canopy (Garden Center). Separate 41,472 +/- dry Bulk Storage building with metal roof, sprinklers, and extensive racking system. Nearly 700' of prominent frontage along Mendocino County's largest Commercial Corridor with extraordinary freeway visibility on US Highway 101. Tenant draws loyal clientele from broad, local and regional customer base. Family-owned operator offers a comprehensive selection of value-priced merchandise with an unmatched level of service. 100% absolute NNN Lease; Tenant responsible for maintaining building shell, roof, and grounds as well as all other expenses under typical NNN leases. Current lease term runs through August 31, 2027 with two (2) each 5 year tenant options to extend through August 2037. Lease and Financials available on request to qualified Investors only.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
457,816 SF
Year Built
1995
Price
$24,276,005 CAD
Price Per SF
$53 CAD
Cap Rate
6.65%
NOI
$1,614,354 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
1.00
Lot Size
10.51 AC
Zoning
City of Ukiah PDC - Planned Development-Commercial, City of Ukiah
Parking
258 Spaces (0.56 Spaces per 1,000 SF Leased)
Frontage
701 ft on Airport Park Blvd.
Amenities
- Fenced Lot
- Freeway Visibility
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $11,796,564 CAD | |
| Land Assessment | $4,396,863 CAD | Total Assessment | $16,193,427 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,396,863 CAD
Improvements Assessment
$11,796,564 CAD
Total Assessment
$16,193,427 CAD
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1255 Airport Park Blvd. Ukiah, CA 95482-7400 | 1255 Airport Park Blvd
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