501 6th St - 501 6th St, Taft, CA 93268 (Adventist Health)
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501 6th St - 501 6th St, Taft, CA 93268 (Adventist Health)
1,660 SF Health Care Building Offered at $360,080 CAD at a 7.11% Cap Rate in Taft, CA 93268
Investment Highlights
- Tenant: Adventist Health, Long Operating History (2008)
- Tenant Exercised Option 1- New Expiration: April 30, 2026
- 2 Gas Meters & 2 Electric Meters
- GC (General Commercial) Zoning, City of Taft
- +/- 1,660 Rentable Square Footage
Executive Summary
Prime Retail Group is proud to have been exclusively chosen to present the opportunity acquire a Commercial investment building in the City of Taft, CA currently occupied by Adventist Health, who have been operating from this location since the year 2008. The building is 2-blocks from Taft's retail corridor (Kern St/CA-33) on the corner of 6th st & Lucard St. There are two (2) contiguous units with independent addresses and independent gas & electricity meters (501 & 503 6th St) but Adventist Health occupies both units with a total rentable square footage of 1,660 SF zoned General Commercial (GC) within Taft city limits. This asset demonstrates a great passive investment for an investor looking for a steady cash-on-cash return that's priced aggressively at $150/psf.
** OPTION 1 EXERCISED- NEW EXPIRATION: APRIL 30, 2026 **
** OPTION 1 EXERCISED- NEW EXPIRATION: APRIL 30, 2026 **
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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $360,080 CAD | Lot Size | 0.14 AC |
| Price Per Bed | $360,080 CAD | Building Size | 1,660 SF |
| Sale Type | Investment | No. Beds | 1 |
| Cap Rate | 7.11% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 1968 |
| Property Subtype | Congregate Senior Housing | Opportunity Zone |
Yes
|
| Price | $360,080 CAD |
| Price Per Bed | $360,080 CAD |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| Property Type | Health Care |
| Property Subtype | Congregate Senior Housing |
| Lot Size | 0.14 AC |
| Building Size | 1,660 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built | 1968 |
| Opportunity Zone |
Yes |
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Walk Score ®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 031-260-12-00-7 | Total Assessment | $279,134 CAD (2024) |
| Land Assessment | $41,136 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $237,998 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
031-260-12-00-7
Land Assessment
$41,136 CAD (2024)
Improvements Assessment
$237,998 CAD (2024)
Total Assessment
$279,134 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | GC (General Commercial) |
| GC (General Commercial) |
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501 6th St - 501 6th St, Taft, CA 93268 (Adventist Health)
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