Supreme Downtown Location within a Federal Opportunity Zone. This amazing investment is a well maintained fully leased multi-tenant two-story Class B building consisting of 12470 +/- rentable square feet with 8 current office spaces and 7 tenants with modified gross leases. The tenant mix for the property consists of a variety of businesses. Private parking lot with 19 parking spaces with ample street parking. The interior has 2 common bathrooms on each level along with an Elevator. The Proforma estimate for this investment is yielding a capitalization rate of 5.1%. The Georgia Street frontage benefits every Saturday of the year with the Farmer's Market foot traffic. Constructed in 1993, the building is on highly visible street near shops, restaurants, banks, City Hall, future Waterfront and Mare Island development projects, 1 block from the Vallejo Transit Center and 2 blocks from the Vallejo Ferry Terminal to San Francisco.

Dock Doors 0 Exterior Wood Foundation Slab Loading None Location Downtown Lot Description Mid Block Parking 11-25 On SiteCarport(S)CoveredPrivate Lot Parking Spaces 19 Road Frontage City Street Roof Other Structures Detach BldgOffice Bldg

Accessibility Feat DoorsElevatorParking Ceilings Under 12' Elevators Yes Energy Conservation Other Floor Number 2 Floors Carpeted Heat Cool Central AirCentral HeatZoned AirZoned Heat Industrial Sq Ft 0.00 Min Avail Sq Ft 0.00 Miscellaneous DumpsterElevator(S)Fenced YardFront SignLandscapingRestroom/UnitSkylight(S)Sprinkler Sys Office Sq Ft 12470.00 Offices 7 Percent Office 100 Restrooms 4 Retail Sq Ft 0.00 Stories 2 Story Tenant Allow Fixed 0.00 Tenant Allow Sq Ft 0.00 Tenant Sq Ft 0.00 Walls Sheetrock Warehouse Sq Ft 0.00

Auction No Building Complex Garden Plaza Buildings 1 Business Type Other Cap Rate 5.10 City Transfer Tax Yes City Transfer Tax Rate 0.00 Close To Public TransportatioRestaurantsShopping Commercial Type Office Condition Exterior-Very GoodInt-Very Good Construction Status Completed Current Use Office Est Insurance Exp 2500.00 Est Maintenance Exp 6927.75 Est Management 0.00 Est Misc Expenses 10392.43 Est Net Income 121895.98 Est Taxes 29850.00 Est Total Annual Exp 56085.50 Est Utilities Exp 6415.32 Exchange For None GRM 13.42 Gross Income Incl Rents Gross Scheduled Inc 177981.48 Lease Deposit 0.00 Load Factor CAM 0 Maximum Lease Yrs 0 Minimum Lease Yrs 0 Monthly Expenses 4673.79 Monthly Income 10157.99 New Construction Or Resale Resale Rentable Yes Safety Security Fire AlarmsFire SprinklersSecurity CameraSecurity SystemSmoke Detectors Seller Will Consider Cash OnlyConventionalExchange/TradeOwner FinancingSba Loan Sewer Septic Sewer Public Source Of Financials Owner Special Zones Unknown Square Footage Source Realist Public Rec Tenants 7 Total Expenses Incl InsuranceMaintenanceProp TaxesUtilitiesOther Transaction Type Sale Utilities 3 Phase400 Or More AmpsCable AvailableGarbage ServiceInternet AvailableMaster Water MeterSep Elec MeterSep Gas MeterTelephone Vacancy Factor 0.00 Water Source Water Public Year Built Source Realist Public Rec Zoning District-Downtown-Waterfront Commercial

Listing information © 2020 Bay Area Real Estate Information Services.
Listing courtesy of Rosanna Souza of Tipp Realty At Glen Cove.

© 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rapisarda Real Estate. Data last updated: 2020-10-20T23:56:19.44.

236 Georgia Street

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236 Georgia Street Vallejo, CA 94590

Property Description

Dock Doors	0
Exterior	Wood
Foundation	Slab
Loading	None
Location	Downtown
Lot Description	Mid Block
Parking	11-25 On Site Carport(S) Covered Private Lot
Parking Spaces	19
Road Frontage	City Street
Roof	Other
Structures	Detach Bldg Office Bldg

Accessibility Feat	Doors Elevator Parking
Ceilings	Under 12'
Elevators	Yes
Energy Conservation	Other
Floor Number	2
Floors	Carpeted
Heat Cool	Central Air Central Heat Zoned Air Zoned Heat
Industrial Sq Ft	0.00
Min Avail Sq Ft	0.00
Miscellaneous	Dumpster Elevator(S) Fenced Yard Front Sign Landscaping Restroom/Unit Skylight(S) Sprinkler Sys
Office Sq Ft	12470.00
Offices	7
Percent Office	100
Restrooms	4
Retail Sq Ft	0.00
Stories	2 Story
Tenant Allow Fixed	0.00
Tenant Allow Sq Ft	0.00
Tenant Sq Ft	0.00
Walls	Sheetrock
Warehouse Sq Ft	0.00

Auction	No
Building Complex	Garden Plaza
Buildings	1
Business Type	Other
Cap Rate	5.10
City Transfer Tax	Yes
City Transfer Tax Rate	0.00
Close To	Public Transportatio Restaurants Shopping
Commercial Type	Office
Condition	Exterior-Very Good Int-Very Good
Construction Status	Completed
Current Use	Office
Est Insurance Exp	2500.00
Est Maintenance Exp	6927.75
Est Management	0.00
Est Misc Expenses	10392.43
Est Net Income	121895.98
Est Taxes	29850.00
Est Total Annual Exp	56085.50
Est Utilities Exp	6415.32
Exchange For	None
GRM	13.42
Gross Income Incl	Rents
Gross Scheduled Inc	177981.48
Lease Deposit	0.00
Load Factor CAM	0
Maximum Lease Yrs	0
Minimum Lease Yrs	0
Monthly Expenses	4673.79
Monthly Income	10157.99
New Construction Or Resale	Resale
Rentable	Yes
Safety Security	Fire Alarms Fire Sprinklers Security Camera Security System Smoke Detectors
Seller Will Consider	Cash Only Conventional Exchange/Trade Owner Financing Sba Loan
Sewer Septic	Sewer Public
Source Of Financials	Owner
Special Zones	Unknown
Square Footage Source	Realist Public Rec
Tenants	7
Total Expenses Incl	Insurance Maintenance Prop Taxes Utilities Other
Transaction Type	Sale
Utilities	3 Phase 400 Or More Amps Cable Available Garbage Service Internet Available Master Water Meter Sep Elec Meter Sep Gas Meter Telephone
Vacancy Factor	0.00
Water Source	Water Public
Year Built Source	Realist Public Rec
Zoning	District-Downtown-Waterfront Commercial