4456 Manzanita Ave
5,475 SF 100% Leased Retail Building Clearlake, CA 95422 $1,037,939 CAD ($189.58 CAD/SF) 5.75% Cap Rate
EXECUTIVE SUMMARY
Introducing The Verizon Building: Office/Retail Building at Hwy 53 & Lakeshore Dr. in Clearlake. This prime investment property offers a fully rented building with three offices and one apartment, strategically located on a high-traffic corner. Tenant 1, with a longstanding 20-year occupancy, and Tenant 2 are on flexible month-to-month leases, while Tenant 3 (Verizon) has a lease until June 2027. The apartment, Tenant 4, also operates on a month-to-month basis. With a solid rent roll available, this property boasts a well-maintained structure, including a new roof and updated HVAC systems, with maintenance records on hand for review. Additionally, the sale includes an adjoining parcel for expanded prospects. Ready to step into a lucrative Lake County investment opportunity? Contact us today for a detailed marketing brochure and further information on this remarkable property. Let's unlock the potential together!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,475 SF
Building Class
B
Year Built
1970
Price
$1,037,939 CAD
Price Per SF
$189.58 CAD
Cap Rate
5.75%
NOI
$59,681 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.44 AC
Opportunity Zone
Yes
Zoning
C2-SC-DD - Commercial
Parking
25 Spaces (4.57 Spaces per 1,000 SF Leased)
Frontage
350’ on Lakeshore Dr. & Hwy 53
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $707,774 CAD | |
| Land Assessment | $468,358 CAD | Total Assessment | $1,176,133 CAD |
