Citibank (Dark)

530 E. Yosemite Avenue, Madera, CA 93638
$965,000
Status Sold
Price $965,000
Cap Rate 9.00%
NOI $86,872
Price/SF $215
Lease Type Absolute NNN
Lease Term 10 Years
Lease Start January 31,2014
Lease Expiration January 31,2024
Building Size 4,480 SF
Lot Size 19166 AC

Overview

-Located 23 miles north of Fresno in Northern California’s Central Valley (San Joaquin Valley)

-Value add opportunity

-Located in Opportunity Zones Area Allowing for Significant Tax Benefits under the TCJA

-No landlord responsibilities

-More than five years on term, allowing sufficient time to re-tenant or redevelop
-Payment and performance is guaranteed by Citibank, N.A. (S&P A)

-San Joaquin Valley is the most productive agricultural region in the WORLD

-The 2010 census was 61,416 residents, a 42% increase from the 2000 census of 43,207 residents

-Located along E. Yosemite Avenue, a short distance from Highway 99 which has a traffic count of 80,000 VPD