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61 Main St

5,100 SF 100% Leased Flex Building Isleton, CA 95641 $746,751 CAD ($146 CAD/SF) 9% Cap Rate

Executive Summary

Fantastic 5,100 sq. ft. mixed-use commercial building located on a well situated corner lot in downtown Isleton. The building is currently configured for three use types; retail, warehouse/manufacturing and residential, however, the property is flexible and can accommodate a number of different configurations and uses. The zoning code allows for a wide variety of permitted uses. The retail & residential portion consists of 2,100 sq. ft. of reinforced brick construction with 12' clear height and forced air heating. The fully functional residential unit consists of 1 bedroom / 1 bath and a kitchen with fridge, oven/stove and microwave. It is approximately 1,000 sq. ft. in size. The entire building has new double paned windows and concrete floors. The warehouse/manufacturing portion is of metal construction with a sloped metal roof, 14' clear height and (2) 12' roll-up doors. There are three bathrooms, one in each portion of the building. Approx. 5 - off street parking spaces. This is an attractive property for an owner user or investor. Pro forma indicates $46,800 NOI on a 9% Cap. Expanding population means these small Delta towns are becoming hot spots to invest and operate in. Don't miss out on checking out this property.
This property will move, owners are motivated and certain terms are negotiable. With 30% cash down owners are willing to carry the remainder on negotiable terms at below market rates. Escrow pre-opened with Old Republic Title. Call listing agent, Matt Roberts - (925) 339-7445 for information and appointments.

Financial Summary (Pro forma - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $86,164 $16.89
Other Income - -
Vacancy Loss $7,180 $1.41
Effective Gross Income $78,983 $15.49
Net Operating Income - -

Financial Summary (Pro forma - 2024)

Gross Rental Income (CAD)
Annual $86,164
Annual Per SF $16.89
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $7,180
Annual Per SF $1.41
Effective Gross Income (CAD)
Annual $78,983
Annual Per SF $15.49
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Price $746,751 CAD
Price Per SF $146 CAD
Sale Type Investment or Owner User
Cap Rate 9%
Property Type Flex
Property Subtype Light Manufacturing
Building Class C
Rentable Building Area 5,100 SF
No. Stories 1
Year Built 1956
Clear Ceiling Height 14 ft
No. Drive In / Grade-Level Doors 2
Cross Streets H
Opportunity Zone Yes

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

zoning

Zoning Code CC - Central Commercial
CC - Central Commercial
  • Listing ID: 34209431

  • Date on Market: 2024-12-15

  • Last Updated:

  • Address: 61 Main St, Isleton, CA 95641

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