341 Trinity Avenue $1,375,000

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    341 Trinity Avenue Chowchilla, CA 93610

    • 8,055 sq. ft.
    • 0.24 Acres
    • Commercial Sale
    • MLS# MC20013882
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    Views: 8 Days On Market: 137

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    Property Details

    The Trinity Office Building is a very attractive modern multi-tenant office building built in 2009. It is fully occupied with 5 separate tenants (including owner who will lease back for 5 years with a 5-year renewal option). Based upon Gross Scheduled Rents of $135,588 / year (i.e. current rents of $11,299 / month) the asking price represent a 7.03% Capitalization Rate. With a 30% down payment + estimated 2% closing costs the Cash on Cash rate of return is projected to be 8.47% (based upon a 3.90% fixed for 5 years interest rate, a 25-year amortization schedule, a 5-year interest rate reset and a 10-year balloon/refinance. With said financing the debt coverage ratio is 1.6 and the cash flow before taxes + principal reduction over the first year of the loan is eqaul to 4.33% of the listed price of $1,375,000. Beautiful 'Pride of Ownership' property located within 2 blocks of City Hall, 1 block from City's primary arterial, Robertson Boulevard and across the street from the Camarena Health Center and the Family Resources Center. There is parking behind the building off of the alley and also the building has 9 designated parking spaces in the City Maintained Public Parking Lot across 4th Street from the building.

    • General Features
      • County Or Parish Madera
      • Number Of Buildings 1
      • Number Of Units Leased 5
      • Number Of Units Total 5
      • Year Built 2009
    • Building Features
      • Cooling Central Air,Dual,Zoned,Electric,Gas
      • Laundry Features None
    • Property Features
      • Fencing None
      • Lot Features Corner Lot
      • Lot Size Acres 0.24
      • Lot Size Dimensions 10,500

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    Neighborhood

    93610 (Chowchilla) Demographics

    34 Median Age
    87 Population Density (per sq. mile)
    15% College Educated
    $37,406 Estimated Median Income
    2,375 Estimated Total Home Owners
    2,683 Estimated Total Renters
    47% / 53% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    23,757 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $260,000 Median Sales Price
    7 Homes Sold
    34 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,375,000
        2/1/2020 1:17:02 PM Price Increased Source New Value: $1,375,000 12.24%
        1/20/2020 6:49:00 PM New in Database Source New Value: $1,225,000

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        *This Payment Calculator is intended for educational and planning purposes only.
        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 6/5/2020 9:59:02 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.