Description

304–314 Sequoia Circle presents a multi-tenant office/retail flex investment opportunity in Porterville, California. Offered for sale at $650,000, the freestanding building was constructed in 2003 and comprises 4,324 SF on approximately 0.36 acres. The property features two separately addressed commercial spaces with flexible configurations suitable for office, retail, and service-oriented uses.

The property is located near Henderson Avenue and Main Street, east of Highway 65, offering convenient access to surrounding commercial areas and major transportation routes. Building features include clear-span space, separate entrances, private ADA restrooms, individual utility meters, LED lighting, HVAC systems, and demising walls that allow the spaces to be combined. The site also provides 23 private parking spaces, additional street parking, and existing exterior signage.

The offering memorandum identifies two tenant spaces of approximately 1,741 SF and 2,859 SF, historically leased under Modified Gross agreements. The investment presents potential upside through lease extensions, rental adjustments, and operating expense reimbursements, subject to current lease terms and market conditions.

Based on the offering memorandum's existing financial figures, the property generates $26,716 in annual net operating income, representing a 4.11% in-place capitalization rate. The memorandum also presents a stabilized scenario with $56,536 in projected NOI and an 8.70% capitalization rate, subject to verification. The property is identified as APN 247-160-033.

With its established commercial location, flexible floor plans, dedicated parking, and potential income growth, 304–314 Sequoia Circle offers an investment opportunity for buyers seeking a small multi-tenant commercial property in Porterville.