Visalia, Value-add Investor Or Owner-user Opportunity:

Value-add investor or owner-user opportunity: Freestanding building totaling ±4,404 SF on ±0.307 Acres (±13,356 SF) of General, Professional, and/or Medical space off Center St in Visalia. The property offers (5) economical separate spaces with 2 units of 1,260 SF leased and 3 units of 3,144 SF available to occupy or lease. Unique investment offering easy-to-rent small office spaces within an under-built market offering a strong need for these type of spaces. Newer 5 Y/O membrane + tar roof ($40K) and 7 ice cold HVAC's (frequently serviced with McGee Refrigeration). Once stabilized, the deal offers a 8.93% cash-on-cash return when leveraged with 30% down, which produces a 1.49 Debt Coverage Ratio! The value-add opportunity consists of leasing (3) vacancies, addressing the under-market rent of the (2) MTM tenants and extending lease length over the next 6-12 months, and charging the customary "pass-through" expenses of Water, Sewer, Trash