213 Center St - Office FOR SALE


Hanford, CA 93230
$1,900,000 USD
949-614-5075
213 Center St, Hanford, CA for Sale
$1,900,000 USD
Office - FOR SALE
1/9
null | 6.21% Cap Rate

213 Center St
Hanford, CA 93230


HIGHLIGHTS

  • The property includes a highly flexible space.
  • It has an absolute NNN lease.
  • The building can be devisable into two units.
  • There is ample parking in a private lot.
  • The property was recently renovated in 2024.
  • There is an established tenant that provides critical public services.

OVERVIEW

Fully renovated 6,818 square feet free-standing office building with an absolute NNN lease! This highly flexible space has everything tenants require: multiple bullpen areas, eight individual offices, two reception areas, two storage rooms, two kitchenettes, a large breakroom, five private restrooms, and a private parking lot with twenty-nine spaces. The entire property has been renovated, with numerous improvements including a new HVAC, new carpet, interior and exterior painting, an upgraded fire suppression system, drought tolerant landscaping, LED exterior lighting, awning rebuild, and slurry sealing of the parking lot. The tenant, an established mental health services provider with $100M/year in revenue, is responsible for all maintenance and repairs, including roof and structural foundation. Four years remain on the lease, with one five-year option. This well-known building sits in the thriving downtown business district and is located fewer than 500 feet from the Hanford Police Department and U.S. Post Office.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$282 USD /SF

CAP RATE

6.21%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Lease

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

O-R

APN/PARCEL ID

010-262-017-000

ASK ABOUT THIS PROPERTY

Dane SwangoAuStar Holdings LLCMore Info
949-614-5075

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Dane SwangoAuStar Holdings LLCMore Info
949-614-5075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.