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1829 S Oregon St
Yreka, CA 96097
Office Property For Sale
PROPERTY FACTS
About 1829 S Oregon St , Yreka, CA 96097
The Yreka Fish and Wildlife Office is a build-to-suit facility designated for use by the United States Fish and Wildlife Service in northern California. The offering consists of an 8,417 square foot office leased to the GSA for a 15 year term with 10 years firm, providing a secure, long-term income stream. The lease is scheduled to commence May 1, 2018, and is guaranteed by the United States of America, which has a credit rating of Aaa from Moody's Investor Services. The Federal Government has a long-standing reputation as a tenant with one of the highest possible renewal probabilities in the commercial real estate industry, with historical data published by the GSA regarding their portfolio of over 8,000 leases nationwide reflecting a retention rate that typically exceeds 95%. The property also includes a 3,071 square foot office, net leased on a month-to-month basis to Healtherapy, Inc. The current rental rate for this building is significantly below market, providing an opportunity for potential future upside. Both offices are situated on a two acre parcel located on South Oregon Street in Yreka, providing immediate access to I-5. The Yreka FWO is tasked with working to protect and restore healthy populations of fish and wildlife and their habitats in the Klamath River Basin. The Yreka FWO also works in conjunction with partners and agencies at the national, tribal, state and local levels to accomplish their mission. Areas of focus for the FWS include working with local plant and animal populations, forest resources, fisheries, hydropower, endangered species recovery, and habitat restoration. The Yreka FWO is a rare opportunity for an investor to obtain an asset occupied on a long-term basis by a federal agency essential to wildlife and resource management in the western United States.
PROPERTY TAXES
Parcel Number | 062-041-400 | Improvements Assessment | $1,493,976 |
Land Assessment | $185,418 | Total Assessment | $1,679,394 |
PROPERTY TAXES
Listing ID: 11532532
Date on Market: 2018-02-08
Last Updated:
Address: 1829 S Oregon St, Yreka, CA 96097