9% Cap rate! Incredible income with this trophy asset in Ukiah, CA. The historic Victory Theater Plaza consists of 16 separate suites between two buildings, along with a parking lot totaling 28 on site parking spaces, on .7 acres. 367 N State St was originally built in 1913 and since converted into a perfectly renovated and structurally retrofitted series of suites. 387 N State St was built in the 1990's. Three separate parcels each with C1 zoning. State St has recently been redone and Ukiah is the path of growth! Great opportunity to grow your portfolio with a proven asset. Additionally several open suites ready to increase the existing return.