For Sale
$2,350,000

814 Court StWoodland, CA 95695

High-yield, 10-bedroom sober living facility.

Overview

Added:
Dec 11, 2024
Days on market:
119
Exceptional investment opportunity in downtown Woodland, California. This 5,849 square foot, single-story building, constructed in 2000 and renovated in 2022, sits on a 0.48-acre lot (21,083 sq ft) and offers 21 parking spaces. Currently operating as a 10-bedroom sober living environment with a stable tenant under a modified lease with a remaining term of 2.9 years (expiring October 31, 2027), the property boasts a 100% occupancy rate since May 1, 2022. The lease includes annual rent of $199,560 with a 3.5% yearly increase. The property's Net Operating Income (NOI) is $150,000, resulting in a 6.38% cap rate. Located in a DX-1 (Mixed Use) Downtown zoning area, this property presents a low-maintenance investment with significant upside potential. The property's prime location in Woodland's downtown core, only 20 miles from Sacramento, and its designation as an Opportunity Zone further enhance its investment appeal. This is a rare opportunity to acquire a well-maintained, high-performing asset in a desirable location. The property features a modern build and is situated in a thriving downtown area.

Highlights

  • $199,560 Annual Net Operating Income (NOI), $16,630 monthly.
  • 3.5% annual rent increases built into the lease.
  • New three-year lease, expiring 2027.
  • Creditworthy, established tenant in place.
  • Low-maintenance property.
  • Modern building construction.

Property Details for 814 Court St

Property type
Specialty properties, Mixed-use properties
Square Feet
5,849 SF
Class
B
Year Built/Renovated
2000/2022
Buildings
1
Stories
1

Location Insight

City
Woodland
County
Yolo
State
California
Latitude
38.6783885
Longitude
-121.769881
814 Court St, Woodland, California

FAQs

What type of property is this?
Specialty property - High-yield, 10-bedroom sober living facility.
Where is the specialty property located?
The property is located at 814 Court St Woodland, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: $199,560 Annual Net Operating Income (NOI), $16,630 monthly.; 3.5% annual rent increases built into the lease.; New three-year lease, expiring 2027.
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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814 Court St
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