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5232 Mad River Parkway, Arcata, CA 95521

$2,735,000
Property Type: Commercial Square Footage: 900 Lot Size (sq. ft.): 21,344 Status: Sold
Current Price: $2,735,000 List Date: 5/03/2023 Last Modified: 9/09/2024

Overview

Description

Entered for comp purposes only. Brand New Dutch Bros coffee with a 15 year lease. Seller developed the property. Seller developed the property for tenant. Sold at a 4.35% cap rate.

Listing Details MLS# 264119

Listing Information

Pended Date
2023-05-03
Sold Date
2023-05-03

Property Description

Type of Property
Commercial
Realtor.com Type
Commercial
Construction Status
New
Accessory Dwelling Unit
No
Main House SqFt
900
Lot Acres
0.49
Flood Zone
Unknown
Cap Rate
4
List Price/SqFt
3038.88
Sold Price/SqFt
3038.88

Location Legal and Taxes

Area
North Bay
House Number
5232
Street Name
Mad River
Street Suffix
Parkway
Sub-Area
Arcata
State
CA
Zip Code
95521
Cross Street
Giuntoli

Building Description

Year Built
2023
# Units
Yes

Square Footages

Total Building SqFt
900

Business

Real Estate Included
Yes

More Information

Location, Legal and Taxes

APN
507-531-018

Zoning

Commercial
Yes

Possession

At Close of Escrow
Yes

Type of Use

Food Service
Yes

Existing Use

Retail Service
Yes

Location

Central Business
Yes
Corner Lot
Yes

Financing Terms

Conventional
Yes

Parking

1 - 10 Spaces
Yes

Sale Includes

Land & Building
Yes

Property Features

Zoning: Commercial Type of Use: Food Service Existing Use: Retail Service Location: Central Business; Corner Lot Parking: 1 - 10 Spaces Sale Includes: Land & Building Possession: At Close of Escrow Financing Terms: Conventional
Listing Office: C.B. Commercial Pacific Partners Real Estate
IDX
Last Updated: September - 09 - 2024
Broker Attribution: pacificpartnerscommercial@gmail.com

Based on information from the Humboldt Association of REALTORS® (alternatively, from the Humboldt MS), as of (date the AOR/MLS data was obtained on .) All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2020 (year) Humboldt Association of Realtors®. All rights reserved.