509 St Charles StSan Andreas, CA 95249

Property Details for 509 St Charles St

Year built

2001

Lot size

3.47 AC

Property size (Sq ft)

31,228 SF

Property type

Office properties

Property subtype

Other office properties

Description

This exceptional investment opportunity presents a fee-simple, 31,228 square foot, Class C office building located at 509 E St Charles St, San Andreas, CA 95249. The property sits on a 3.47-acre lot and includes 145 parking spaces. Currently 100% occupied by Calaveras County's Human Services & Public Health Department under a modified gross lease with 2% annual rent bumps, the lease has a remaining term of 1.5 years, expiring May 31, 2026, but commenced May 11, 2001. The asking price is $5,900,000, representing a price per square foot of $188.93 and an 8.03% cap rate with a current NOI of $474,005. The two-story building, constructed in 2001, is zoned Local Commercial (C1) and benefits from a strong location adjacent to the Calaveras County Government Center, including various county departments. The tenant has a long-standing presence (25+ years) and is actively investing in property improvements, including the addition of EV charging stations. The parking lot has recently been resealed and restriped. This offering presents a stable, appreciating cash-on-cash return with significant upside potential through lease extensions with a highly likely long-term tenant. The property's APN is 042-034-013

Location Insight

City

San Andreas

County

Calaveras

State

California

Latitude

38.1895

Longitude

-120.674

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