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88 W Sierra Avenue
Portola, CA 96122
MLS# 201800301 ID: 51161552
$1,950,000
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Property Description
Improved Commercial - Portola, CA This listing consists of two well established commercial properties located in Portola and Loyalton, CA and additional commercial land adjacent to the Portola building which serves as commercial storage and excess parking for the Portola Store. The entire collection of properties are leased to a single tenant, that has been in place since buying the operating business in February 2014. Existing leases (3) run to February 2024 and tenant holds three additional 5 year options to extend. The leases are NNN and contain a base rent plus an annual CPI adjustment. Today the combined leases generate gross income of $205,000 and NET operating income to the landlord of $166,200 / year resulting in a 8.50% CAP rate. This is a commercial investment opportunity for a buyer that will provide stablized income from an established and experienced tenant. Both buildings are well maintained and are located in the city center of each location.
Property Features
Status
Last Updated September 17, 2018
Market Status Available
Description
Property Type Commercial
Year Built 1993
Approx. Lot Size 1.25 Acres
Building Features
Stories 2.0
Listing Features
Property Type Commercial; Improved Commercial
Offered By:
MARK SMITH
REMAX MOUNTAIN LIVING
Schools Near Property

Select a school from the list below to receive a free school report

School District Grades Type
Plumas Unified School District K-6 Public
Plumas Unified School District K-6 Public
Plumas Unified School District K-6 Public
K-8 Private
Plumas Unified School District K-12 Public
K-6 Private
K-12 Private
School District Grades Type
Plumas Unified School District 7-12 Public
Plumas Unified School District 7-12 Public
K-8 Private
Plumas Unified School District K-12 Public
Plumas Co. Office Of Education 7-12 Public
Plumas Unified School District 7-12 Public
Plumas Unified School District 7-12 Public
K-12 Private
School District Grades Type
Plumas Unified School District 9-12 Public
Plumas Unified School District 9-12 Public
Plumas Unified School District 7-12 Public
Plumas Unified School District 7-12 Public
Plumas Unified School District K-12 Public
Plumas Co. Office Of Education 7-12 Public
Plumas Co. Office Of Education 9-12 Public
Plumas County Rop 11-12 Public
Plumas Unified School District 7-12 Public
Plumas Co. Office Of Education 9-12 Public
Plumas Unified School District 7-12 Public
K-12 Private
Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.
Recent Sales Near Property
Address Beds Baths Price
1 385 Gulling, Portola, Ca 96122 3 2 $165,000
2 545 Gulling, Portola, Ca 96122 2 1 $125,000
3 545 Gulling, Portola, Ca 96122 2 1 $125,000
4 560 Ridge, Portola, Ca 96122 2 1 $120,100
5 265 Beckwith, Portola, Ca 96122 2 1 $50,000
6 120 Spruce, Portola, Ca 96122 2 1 $1,000
7 249 Magnolia, Portola, Ca 96122 3 2 $125,000
8 636 Gulling, Portola, Ca 96122 2 2 $136,500
9 637 Gulling, Portola, Ca 96122 2 3 $115,000
10 116 Quincy, Portola, Ca 96122 9 5 $275,000
Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.
Receive a Free Community Profile
Quick Glance
Population 3,663
Population Growth -3%
Population Density 60
Median Age 43.4
Median Income $37,678
Households 1,363
Weather
Jan Low 29.26
Jan High 50.32
July Low 53.35
July High 84.64
Annual Precipitation (in.) 48.43
Weather Risk Index* 0
*Index score (100 = National Average) that represents the total risk
Portola Demographics
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Portola Housing Statistics
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Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.

Data Provided by Plumas Association of Realtors

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