100% Fully Leased Value-Add Investment @ Corner

The property is located off 1st St in Selma, CA. The property is North of Arrants St, South of 1st St, West of High St, and East of McCall Ave. The community is located in the San Joaquin Valley between Fowler and Kingsburg. Surrounding tenants include Walmart, McDonalds, Starbucks, JCPenney, Rue 21, Boot Barn, Dollar Tree, Ross, AT&T, Jack in the Box, Denny's, Dominos, Rite Aid, Little Caesars, Union Bank, Bank of the Sierra, Java Express, Rodolfo's, Golden Dragon Restaurant, Cardtronics, and many others!100% leased investment opportunity: Freestanding building totaling ±5,985 SF on ±0.17 Acres (±7,200 SF) of General Retail, Professional Office, and/or mixed use spaces at the corner of High and First Streets. Offers (6) economical ±997 SF separate spaces with unique addresses leased to long-term tenants on Modified Gross lease forms. Each unit features its own entrance and signage, open front areas, and private ADA restrooms. Cash cow with in-place rents of $69,708/year collected plus upside potential. All tenants pay the scheduled base rent plus the actual cost of all customary "pass-through" expenses such as Water, Sewer, Trash, and Gardening to eliminate these items from the Landlords ledger. After adjusting the rents to 90% of market rates ($1.35/SF) and extending leases, the realistic 6-12 month gross annual income is scheduled to be $81,745 (117% upside). Unique investment offering easy-to-rent small office spaces in a under-built market offering a strong need for these type of spaces. The deal offers a 11.3% cash-on-cash return when leveraged with 30% down, producing a 1.63 DCR! Multiple configurations ranging from 610 SF up to 950 SF with the ability to combine spaces to create larger units. Clean spaces with newer paint, newer flooring, and move-in ready spaces! Each unit has access to high speed Internet, is separately metered, has private restrooms, private entrances, and consists of demising walls (can be combined). HVAC's and roof are said to be in good condition, full exterior lit parking (15 spaces @ street), excellent existing corner signage, great visibility and easy access to CA-99 on/off ramps.±750 SF of General, Professional, and/or Medical Office space available for lease one block off Mooney Blvd! Clean office spaces with fresh paint, newer flooring, and move-in ready! Each unit has access to high speed Internet, is separately metered, has private restrooms, private entrances, and consists of demising walls (can be combined). Brand new asphalt slurry coat, HVAC's and foam roof are less than 10 years old, full exterior lit private parking (24 spaces plus street), excellent existing corner signage, great visibility and easy access to CA-198 and CA-99 on/off ramps.