FOR SALE: 1236 White Oaks
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- Olivia Wiggins
- 6 years ago
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1 FOR SALE: 1236 White Oaks free standing retail bldg
2 Confidential This confidential ( Memorandum ) is being given to you for the sole purpose of evaluating the possible purchase of 1236 White Oaks, Campbell, California ( Property ). This Memorandum shall not be used for any other purpose and will not be distributed to any other party without the prior written consent of its Owner, Sequoia Realty Services ( Broker ). Owner shall have no legal commitment or obligation to any party until a written sale agreement is fully executed by both Seller/ Owner and Purchaser. Owner has retained Broker as its exclusive broker and will be responsible for any commission due to broker per separate agreement. Broker is not authorized to make any representation or agreement on Owner s behalf. This Memorandum was prepared by Broker with information supplied by both Owner and Broker. It does not contain all the information needed to evaluate the acquisition of the Property. The financial assumptions and projects contained within the Memorandum are for general reference purposes only. The financial projections are assumptions based on the current economic state and local competition amongst other factors. The information contained in this Memorandum is deemed to be accurate but is not guaranteed by either Broker or Owner. This Memorandum is the property of Owner and Broker and may be used only by parties approved by Owner or Broker. The prospective purchaser must conduct its own due diligence and cannot rely on the information in this Memorandum in evaluating the potential purchase of the Property. Potential purchaser should seek advice from their own attorneys, accountants, engineers, environmental council, and other experts.
3 ±4,048 SF Building ±12,180 SF Lot High profile, freestanding, single tenant Midas with excellent freeway visibility from HWY 17 High volume location with a 37 year Midas operating history. Excellent access via Camden and White Oaks with an easement over the Jack in the Box parcel 7 year lease with two 5 year options and a corporate guaranty by Midas Realty Corp New roof and parking lot Landlord s sole responsibility is the structural maintenance of the building Extensive environmental information including closure with a recent no further action letter from the County South East Corner of Camden Avenue and White Oaks Road Property Specifications LEASE END DATE: March 31, 2023 CURRENT NOI: 102, Annually 10% increase 3/31/2018 ($112,200.00) ASKING PRICE Available upon request
4 Site Map
5 Location & Parcel Information Assessed & Tax Information Address: 1236 White Oaks Road Imp Value: $1,116, Location: Campbell, CA APN: Legal Description: Campbell Lot Recorder s Book 368 Page 4 Land Value: $1,015, Total Value: $2,132, Total Tax Amount: $25, Tax Rate Area: Property Characteristics Percent Improved: 52.38% Building Size: ±4,048 Lot Size: Property Type: ±12,180 SF Retail Stores ( Personal Services, Photography, Travel) Zoning: C-2
6 Area Maps
7 Aerial
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