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341 Trinity Avenue

Chowchilla, CA 93610
  • $1,375,000
  • STATUS: Closed
  • ON SITE: 561 days
  • MLS #: 20003665
Sold - 01/08/2021
$1,375,000
SOLD - 01/08/2021
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2009
County:

School Ratings & Info

Description

The Trinity Office Bldg. is a very attractive multi-tenant office bldg.built in 2009. It's fully occupied with 5 separate tenants. Gross Scheduled Rents of $135588 / year (i.e. current rents of $11,299/ month). With 30% down + estimated 2% closing costs the Cash on Cash rate of return is projected to be 8.81% (i.e. a 3.9% interest rate & a 25-yr. amortization schedule with a 5 interest rate reset and a 10 year balloon). Price is a 7.03% Capitalization Rate. Beautiful 'Pride of Ownership' property located within 1 block from City Hall, in the middle of the City's newer professional office buildings area and 1 block from City's primary arterial, Robertson Boulevard. There is parking behind the building off of the alley and also the building has 9 designated parking spaces in the City owned Parking Lot across 4th St. from the office. Aso street parking in front of building on both Trinity Avenue and 4th Street.

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© 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-08-03T23:43:11.387. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.norcalhomepros.com/homes/102448744
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341 Trinity Avenue Chowchilla, CA 93610

  • Price: $1,375,000
  • Status: Closed
  • Updated: 119 min ago
  • MLS #: 20003665
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2009
Built
Neighborhood:
Madera County
County:
Madera
Area:
Madera County
Property Description
The Trinity Office Bldg. is a very attractive multi-tenant office bldg.built in 2009. It's fully occupied with 5 separate tenants. Gross Scheduled Rents of $135588 / year (i.e. current rents of $11,299/ month). With 30% down + estimated 2% closing costs the Cash on Cash rate of return is projected to be 8.81% (i.e. a 3.9% interest rate & a 25-yr. amortization schedule with a 5 interest rate reset and a 10 year balloon). Price is a 7.03% Capitalization Rate. Beautiful 'Pride of Ownership' property located within 1 block from City Hall, in the middle of the City's newer professional office buildings area and 1 block from City's primary arterial, Robertson Boulevard. There is parking behind the building off of the alley and also the building has 9 designated parking spaces in the City owned Parking Lot across 4th St. from the office. Aso street parking in front of building on both Trinity Avenue and 4th Street.
Exterior Features

Construction Materials FrameStucco Dock Doors 0 Loading See RemarksOther Lot Size Dimensions 10500 Num Of Floors 0 Parking Features OpenPublicStreetSee Remarks Roof Flat Total Parking Spaces 0

Interior Features

Cooling Central Flooring CarpetLinoleum/Vinyl Heating Central Num Of Elevators 0 Num Of Restrooms 0 Office Sq Ft 8055 Retail Sq Ft 0 Warehouse Sq Ft 0

Property Features

Accessibility Features Accessible Approach With RampAccessible DoorsGrab Bars Building Features See Remarks Expiration Date Auxiliary 2021-01-17 Income Includes See Remarks Lease Deposit 0 Location Restaurant NearbySee Remarks Num Of Offices 0 Num Of Tenants 5 Owner Pays Grounds CareSupplies Property Subtype Office Property Type Commercial Sale Sewer Public Sewer Special Listing Conditions None Tenant Pays Individual Meters Water Source Public Year Renovated 0 Zoning Commercial

Listing provided courtesy of Tinetti Realty. Listing information © 2021 MetroList Services, Inc.


© 2021 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2021-08-03T23:43:11.387. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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