Contacts

Bill Johnson

William Johnson - KW Commercial - Stockton

Property Details

Property Type Office - General Office
Property Size 31,228 SF
Units 1
Lot Size 3.47 Acre
Additional Rent Contact for pricing
Property Tenancy Single Tenant
Building Class C
Year Built 2001
Date Updated Oct 14, 2024

San Andreas was founded during the California gold rush in the High Sierra region of Northern California and is the county seat for Calaveras County. Calaveras County is well known for its high quality of living in the foothills of California, with rolling hills, green valleys, outdoor adventures, and rich history. The region offers a growing wine industry, the Calaveras County Fair, Moaning Caverns Adventure Park, Bear Valle Music Festival, and the California Frog Jumping Jubilee. San Andreas is located on State Route 49. It is roughly one hour from both Sacramento (70 miles) and Stockton (42 miles), and located roughly two hours from San Francisco (125 miles). The region has seen significant investment and appreciation in the last 24 months, as major rural areas have experienced a surge of homebuyers looking to relocate out of the major cities.KW Commercial is pleased to present the unique opportunity to purchase 509 East St Charles St and 585 Mountain Ranch Rd in San Andreas, CA. This Single Tenant Leased Investment has been occupied by The County of Calaveras's Human Services & Public Health Department for over 25 years and consists of an approximately 31,228 sq ft building situated on 3.47 AC. With no new competitive speculative construction occurring within the submarket and an acquisition price that is significantly below replacement cost, this offering provides an investor the opportunity to achieve a stable, appreciating cash-on-cash return with a very real potential for upside via long-term, valuable lease extensions for a Tenant which will likely be in this location indefinitely. The location is preferred by Calaveras County agencies, all of which are headquartered within 1/2 mile of the subject property.

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Highlights

The County of Calaveras has occupied the building since it was built in 2001
Priced significantly below replacement cost
2% annual escalations
Modified gross lease with tenant responsible for utilities & janitorial
Significant barriers to entry for any new development
Parking Lot recently re-sealed & re-striped
Well-maintained building with established presence
Tenant is heavily invested in the property and is currently adding EV Charging stations

Attachments

KW • Offering Memorandum (P) (PDF) opens in new window

Getting around

34/100
Walk Score ®
12/100
Bike Score ®

Powered by Walk Score ®

City San Andreas, CA
Zip Code 95249

Points of Interest

Shell

9.67 miles

Rich Gulch Trail Access Point

8.05 miles
Middle Bar Trail Access Point

8.59 miles
Campo Seco Staging Area

8.97 miles

Black Bart Motel

0.62 miles
Bonnie's Inn Motel

0.91 miles
Hotel Leger

7.89 miles
Travelodge Angels Camp CA

9.08 miles

Sender's Market

7.72 miles
Grocery Outlet

8.27 miles
Food Mart

9.28 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

509 East St Charles Street