509 E Saint Charles St
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509 E Saint Charles St
31,228 SF Office Building San Andreas, CA 95249 $8,363,073 CAD ($268 CAD/SF) 8.03% Cap Rate
Investment Highlights
- The County of Calaveras has occupied the building since it was built in 2001
- Parking Lot recently re-sealed & re-striped
- Tenant is heavily invested in the property and is currently adding EV Charging Stations
- Priced significantly below replacement cost
- Significant barriers to entry for any new development
- Well-maintained building in close proximity to all other Calaveras County Government Agencies & Services
Executive Summary
KW Commercial is pleased to present this unique opportunity to purchase 509 East St Charles St and 585 Mountain Ranch Rd in San Andreas, CA. This Single Tenant Leased Investment has been occupied by The County of Calaveras's Human Services & Public Health Department for over 25 years and consists of an approximately 31,228 sq ft building situated on 3.47 AC. With no new competitive speculative construction occurring within the submarket and an acquisition price that is significantly below replacement cost, this offering provides an investor the opportunity to achieve a stable, appreciating cash-on-cash return with a very real potential for upside via long-term, valuable lease extensions for a Tenant which will likely be in this location indefinitely. The location is preferred by Calaveras County agencies, all of which are headquartered within 1/2 mile of the subject property.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$882,880
|
$28.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$882,880
|
$28.27
|
| Taxes |
$88,622
|
$2.84
|
| Operating Expenses |
$122,370
|
$3.92
|
| Total Expenses |
$210,992
|
$6.76
|
| Net Operating Income |
$671,888
|
$21.52
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $882,880 |
| Annual Per SF | $28.27 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $882,880 |
| Annual Per SF | $28.27 |
| Taxes (CAD) | |
|---|---|
| Annual | $88,622 |
| Annual Per SF | $2.84 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $122,370 |
| Annual Per SF | $3.92 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $210,992 |
| Annual Per SF | $6.76 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $671,888 |
| Annual Per SF | $21.52 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
31,228 SF
Building Class
C
Year Built
2001
Price
$8,363,073 CAD
Price Per SF
$268 CAD
Cap Rate
8.03%
NOI
$671,888 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
15,614 SF
Building FAR
0.21
Land Acres
3.47 AC
Zoning
Local Commercial (C1)
Parking
119 Spaces (3.81 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Signage
- Wheelchair Accessible
- Car Charging Station
- Central Heating
- Air Conditioning
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $7,889,904 CAD | |
| Land Assessment | $1,083,069 CAD | Annual Taxes | $88,622 CAD ($2.84 CAD/SF) |
| Improvements Assessment | $6,806,835 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,083,069 CAD
Improvements Assessment
$6,806,835 CAD
Total Assessment
$7,889,904 CAD
Annual Taxes
$88,622 CAD ($2.84 CAD/SF)
Tax Year
2023
-
Bill Johnson -
KW Commercial
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509 E Saint Charles St
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