Sales and Investment Sold

Investor Lands Government Guaranteed Leased Investment

115 Table Mountain Blvd

Oroville, CA Sales and Investment >> Oroville

Sold: A management-intensive, rent controlled apartment building in the City high maintenance and repair costs.

Bought: A single-tenant, 8300 sq ft newly built office building leased by the federal government.
 
Cap Rate: over 7.5%.

E-Z Management: One Tenant.  Rent checks are now direct-deposited to their account by the federal government. Local management company handles the minimal day-to-day management needs. Increased cash flow and greatly reduced management headaches.

1031 Exchange: Investor deferred tax liability.


Entire Building

Newly built built office building on approx 1 acre of land
 

Highlights

  • Square Ft.: 8,347
  • Lease Rate : $3,059,000.00


Richard Gumbiner

Richard Gumbiner
(415) 793-0865
richard@starboardnet.com
BRE# 00763869

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