For Sale
$1,650,900

137 Placerville Dr Placerville, CA 95667

High-Yield, Fully Leased Property

Overview

Added:
Feb 3
Days on market:
83
This exceptional investment opportunity presents a fully leased 9,400 square foot retail/industrial building situated on the prime retail corridor of Placerville Drive in Placerville, California. The property sits on a 0.53-acre lot and offers a compelling blend of stable tenancy and strong cash flow, making it ideal for investors seeking a low-maintenance, high-return asset. Currently 100% occupied, the building boasts a diverse mix of national and local credit tenants, ensuring consistent income generation. The modified gross leases structure the operating expenses to be proportionally shared by the tenants, minimizing the owner's operational burden. This translates to a highly attractive 7.0% capitalization rate on the asking price of $1,650,900. The property's location on a busy retail thoroughfare ensures high visibility and accessibility, further enhancing its investment appeal. This is a turnkey investment opportunity with a proven track record of stable occupancy and strong tenant relationships, providing a secure and profitable addition to any investment portfolio. The property's size and tenant mix offer a balanced approach to risk and reward, making it an attractive option for both seasoned and emerging investors in the commercial real estate market. The current lease agreements provide a solid foundation for long-term financial stability and predictable income streams. This is a rare opportunity to acquire a well-managed, high-performing asset in a desirable location.

Property Details for 137 Placerville Dr

Property type
Commercial real estate
Square Feet
9,400 SF
Year Built
1963
Lot Size (sq. ft)
23,087 SF

Location Insight

City
Placerville
County
El Dorado
State
California
Latitude
38.72517
Longitude
-120.8358

FAQs

What type of property is this?
Commercial real estate - High-Yield, Fully Leased Property
Where is the commercial real estate located?
The property is located at 137 Placerville Dr Placerville, CA.
What is the asking price?
The asking price for this property is $1,650,900.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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137 Placerville Dr
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