Citibank (Dark)
530 E. Yosemite Avenue,
Madera,
CA
93638
$965,000
| Status | Sold |
|---|---|
| Price | $965,000 |
| Cap Rate | 9.00% |
| NOI | $86,872 |
| 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
