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975 Bevins Street, Lakeport, CA 95453

$6,250,000
Commercial Property MLS# LC16011899 ID: 38845612
$6,250,000 Get Rates

Commercial Sale - Lakeport, CA
Gateway Business Park is a relatively new commercial property with high income and low maintenance expenses that provides for a very nice net income. It is presently 100% leased to a core of excellent tenants, which includes several national companies, local and state governments, a fitness gym, a brewery/restaurant and a number of smaller successful businesses. The business park is the newest and most desirable commercial facilities in the area, and thus has a waiting list for both the commercial spaces and the storage units. It is located in Lakeport, CA (the county seat), close to the freeway entrance, and has easy access and sufficient space in the parking lot for large trucks to maneuver. The park is comprised of five buildings with 34 possible commercial units and 18 storage units (all 12 X 30). Some of the tenants take several units so presently full occupancy is only 18 tenants plus the storage rentals. A number of the storage units are used by the growing commercial tenants who need extra space and the rest are rented to the general public. CAM charges cover most of the costs for maintenance, lighting and liability insurance. The park has sufficient parking and the premises are well maintained. The seller is motivated and the price has been reduced by $1,200,000.00, so the property is now being offer at a cap rate of 8% with the current income and expenses. A must see property.

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Location Information near 975 Bevins Street
Contact Bob Schall at Schall Realty

For more information regarding this commercial property, please give us a call at View Phone Number (707) 263-5983 .

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Property Features for 975 Bevins Street
Status
Market Status
Available
Last Updated
November 24, 2017
Description
Property Type
Commercial Property
Year Built
2008
Stories
1.0
Approx. Lot Size
3.80 Acres
Sq. Feet
54,961

Building Features

  • Heating System: Central Furnace; Forced Air; Heat Pump; Space Heater; Zoned
  • Roof: Metal
  • Stories: 1.0
  • Heating Fuel: Electric

Interior Features

  • Alarm System

Listing Features

  • Property Type: Commercial;

Data Provided by Lake County Association of REALTORS

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More information about this $6,250,000 Commercial Property at 975 Bevins Street

This $6,250,000 Commercial Property at 975 Bevins Street in Lakeport, CA is offered by Bob Schall. This $6,250,000 Commercial Property, located in the 95453 zip code, has the following property features: Property Type, Alarm System, Stories, Heating Fuel. This 975 Bevins Street Commercial Property, located in Lake County , is listed under MLS listing number LC16011899 and has a listing price of $6,250,000. You can find more of Bob Schall's listings by browsing Bob Schall homes for sale at HomesAndLand.com, or even more LAKEPORT homes for sale here.