$690,000
Tulelake, CA 96134
MLS# 24-1429
Status: Closed
5312 sqft
1 / 7
Property Description
Price Reduced. Sellers motivated. Since 1972 this 2 building complex and real property has been leased to the US Forest Service as administrative office of the Doublehead Ranger District. The current lease commenced 1/1/22 and expires 12/31/2041 with present firm term ending 12/31/31. It is a full service lease with Lessor providing utilities, janitorial, and landscaping. Shell lease rates escalate 3% biennially. Present annual rental rate is $163,503.36. Cap rate is 10.00%
Details
Maps
Address Information
Cross Street: 103B
Street Number: 49870
Street Name: CA-139
State/Province: CA
Postal Code: 96134
County: Modoc
Property Description
List Price: 1070000
Parcel Number: 005-120-032-000
Sq Ft - Building: 5312
SqFt - Bldg Rentable: 5312
Sq Ft - Lot: 65340
GP Zone: Unknown
Zoning: Unknown
Year Built Desc: 30+
Current Price: $690,000
Area: 99 - Outside Area
Year Built: 1972
Remarks
Public Remarks: Price Reduced. Sellers motivated. Since 1972 this 2 building complex and real property has been leased to the US Forest Service as administrative office of the Doublehead Ranger District. The current lease commenced 1/1/22 and expires 12/31/2041 with present firm term ending 12/31/31. It is a full service lease with Lessor providing utilities, janitorial, and landscaping. Shell lease rates escalate 3% biennially. Present annual rental rate is $163,503.36. Cap rate is 10.00%
Directions: 1.8 miles South of Tulelake, CA on State Highway 139.
Contract Information
Listing Contract Date: 2024-04-04
Status: Closed
Sold Date: 2024-10-25
Under Contract Date: 2024-07-31
Sold Price: $690,000
List Date: 2024-04-04
Business Type
Office: 1
Present Use
Office: 1
Exterior
Wood: 1
Roof
Metal: 1
Parking
# Off Street Spaces: 46
Private: 1
Sale Inclusions
Lease: 1
Lease Type
Gross: 1
Miscellaneous
Smoke Detector: 1
Lease Term
More than 10 Years: 1
Addl Lease Info
# of Tenants: 1
Utilities
110V: 1
Public Water: 1
Available Terms
All Cash to Seller: 1
Expense Data Source
Tax Return: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Selling Terms
Cash: 1
Exchange: 1
Property Features
Business Type: Office
Present Use: Office
Parking: Private
Sale Inclusions: Lease
Exterior: Wood
Roof: Metal
Lease Term: More than 10 Years
Lease Type: Gross
Expense Data Source: Tax Return
Miscellaneous: Smoke Detector
Utilities: 110V; Public Water
Available Terms: All Cash to Seller
Photo: Agent Upload
Possession: Close of Escrow
Selling Terms: Cash; Exchange
IDX
Listing Office: Gerald Bendix
Last Updated: October - 27 - 2024
Information deemed reliable but not guaranteed.