529-533 Community Lane | 533 Community Ln
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529-533 Community Lane 533 Community Ln
13,990 SF 100% Leased Industrial Building Woodland, CA 95695 $2,623,200 CAD ($188 CAD/SF) 6.09% Cap Rate
Investment Highlights
- 6.09% Current CAP Rate With Strong Historical Income
- Fantastic Location; Surrounded by Well-Maintained Multifamily and Single Family Housing
- First Time on the Market in 30+ Years
- Future Development Opportunity (Within R-M Zoning Per 2035 General Plan)
Executive Summary
ALIVE Commercial Real Estate is thrilled to present an exclusive opportunity to acquire 529 & 533 Community Lane in Woodland, CA. This property consists of three parcels on Community Lane, located adjacent to and across the street from existing multifamily properties. Covering approximately 1.32 acres, the parcels are currently used for industrial purposes, with an existing building of about 13,990 square feet. This property offers an incredible opportunity, generating in-place cash flow with exceptional development potential for apartments or high-density for-sale housing. According to the city's 2035 General Plan, these parcels are within the city's multifamily residential (R-M) zone district and designated for Medium Density Residential land use. This designation allows for a density of 8.1-19.9 dwelling units per acre with a maximum building height of 40 feet. See link below for more information on the new zoning changes:
https://www.cityofwoodland.gov/1168/Documents
https://www.cityofwoodland.gov/1168/Documents
Property Facts Under Contract
Price | $2,623,200 CAD | Building Class | C |
Price Per SF | $188 CAD | Lot Size | 1.32 AC |
Sale Type | Investment | Rentable Building Area | 13,990 SF |
Cap Rate | 6.09% | No. Stories | 1 |
Property Type | Industrial | Year Built | 1975 |
Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
Price | $2,623,200 CAD |
Price Per SF | $188 CAD |
Sale Type | Investment |
Cap Rate | 6.09% |
Property Type | Industrial |
Property Subtype | Warehouse |
Building Class | C |
Lot Size | 1.32 AC |
Rentable Building Area | 13,990 SF |
No. Stories | 1 |
Year Built | 1975 |
No. Drive In / Grade-Level Doors | 1 |
Amenities
- Fenced Lot
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Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (87)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $253,268 CAD | |
Land Assessment | $77,003 CAD | Total Assessment | $330,271 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$77,003 CAD
Improvements Assessment
$253,268 CAD
Total Assessment
$330,271 CAD
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529-533 Community Lane | 533 Community Ln
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