For Sale
$4,864,731

14520 Mono WaySonora, CA 95370

Class A Office, High Occupancy, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A executive office building, located at 14520 Mono Way in Sonora, California, presents a compelling investment opportunity. The 21,954 square foot property sits on a 0.81-acre lot and boasts a 7.35% cap rate with a strong Net Operating Income (NOI) of $357,557.75. Built in 2006, this multi-tenant office complex enjoys a proven history of near 100% occupancy for over 30 years, featuring a staggered rent roll with approximately 83% including favorable annual increases. The property benefits from a prime location on a main thoroughfare, Mono Way, experiencing high traffic counts (22,406 average daily traffic), and is strategically situated near California State Route 108 (14,326 average daily traffic). Its proximity to numerous retail establishments, including national brands like Tractor Supply Co., CVS, Kohl's, and Starbucks, further enhances its appeal. The surrounding area is affluent, with an average household income exceeding $97,552 within a 3-mile radius. This fee-simple ownership opportunity offers a blend of stability, strong cash flow, and significant upside potential in a desirable California location, just east of Stockton, northeast of Modesto, and northwest of Yosemite National Park. The asking price is $4,864,731.

Highlights

  • High-quality office building with staggered lease expirations.
  • Premiere, multi-tenant office complex boasting a 30+ year history of near 100% occupancy.
  • Multi-tenant office building with strong tenant credit.
  • Approximately 83% of leases include favorable annual rent increases.
  • High-traffic location on a major thoroughfare.
  • Excellent visibility and high traffic counts (22,406 ADT) off Mono Way, near CA State Route 108 (14,326 ADT).

Property Details for 14520 Mono Way

Property type
Retail properties, Office properties
Square Feet
21,954 SF
Class
A
Year Built
2006
Lot Size (sq. ft)
35,284 SF

Location Insight

City
Sonora
County
Tuolumne
State
California
Latitude
37.9784752
Longitude
-120.3263887
14520 Mono Way, Sonora, California

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14520 Mono Way
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