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Key Details
Sold Price $4,350,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SN19056349
Sold Date 09/24/20
HOA Y/N No
Year Built 1974
Lot Size 2.790 Acres
Property Description
PRICE REDUCED! Palm Plaza Shopping Center - Orland, CA. Anchored by Sav-Mor Grocery with recently renewed ten year term. The center is 100% fully leased and includes recently installed solar system. Current NOI is $317,351 with a 6.61% Cap Rate. Total of 36,527 sq. ft. on 2.79 Acres on two parcels. APN 041-07-1-011 & 041-07-1-032. Right in the heart of downtown. Orland's daily needs shopping center. New government and educational facility right next door brings many new customers and increased sales. Annual Net Rental Income: $300,000+ . The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Sq. ft., and lot size taken from public records. Buyer is advised to investigate to their satisfaction.
Location
State CA
County Glenn
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Building
Lot Description Street Level, Walkstreet
Water Public
Others
Tax ID 041071011000
Financing Conventional
Special Listing Condition Standard
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Bought with Non-Member Agent CHICO • Non-Member Office CHICO
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