Parcel ONE: Boomers Building $1.7 million (6% Cap rate) This is a once in a lifetime investment opportunity to purchase an extremely well-built retail building supported by five commercial tenants and three land lease agreements. Commercial tenants include a Restaurant, Bar & Grill, Water District, Health/Wellness, and office space. Restaurant, Bar & Grill sale include substantial additional fixed assets detailed in attachments below. Two land leases to Tesla Motors Inc. and Charge Point Inc for the operation of a 16 stall Electric Vehicle Charging Station are included. The third land lease is a newly executed agreement with Lamar Inc. for a commercial advertising sign not included in capital rate. Upstairs second story built with separate electrical meters and separate bathrooms to allow the space to be easily split into two separate rentals. PARCEL TWO, Commercial Land $0.4 million Over 2 acres of C2 General Commercial zoned land. This parcel has paved access through Parcel #1, public water and all percolation testing completed. Location is ideal for a hotel to complement the Electric Vehicle Charging Station and commercial business on Parcel #1. There is a lack of fine dining and hotel establishments along this stretch of Hwy 101. ~ 11,000 S.F. Boomers Building | Retail Mixed Use | $2.1 million for both parcels or | (1.7M/11k sqft=$155/sqft) for Parcel One Boomers Building only. Land Parcel Two sold separately asking $400,00. Investment Highlights: • Mixed Use commercial building includes Restaurants, Bar and Office space • Long Term tenant leases • 16 Stall Electric Vehicle charging station • Parcel 1, Boomers Building 2021 Net operating Income = 101,391 • Parcel 2 Raw Land zoned C2 • 450 feet of Hwy 101 frontage • 89% of building fully leased • Owner Financing Available for Land Parcel #2 @3%APR for 7 years • Priced well below replacement cost
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