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Arcata Technology Center 1385 8th St 55,200 SF 100% Leased Office Building Arcata, CA 95521 $10,287,324 CAD ($186.36 CAD/SF) 7.31% Cap Rate
Investment Highlights
- Located within the Arcata Gateway Project, allowing for additional development options.
- Recent Cal Poly Humboldt university expansion.
- Gateway allows for up to 3,500 residential units in buildings up to seven stories tall.
- Popular relocation location: climate refugees, increase in remote work, located in a beautiful area.
Executive Summary
The subject property is a 54,523 SF building mixed in use, ranging from office, medical and warehouse. The property is situated on 5.33 acres on three parcels, and located within the Arcata Gateway Project, allowing for additional development options. Nearby establishments include Holly Yashi, The Pub at The Creamery and the Arcata Playhouse. The property is fully leased with over $54,000 in monthly income, and could make a superb 1031 exchange.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
55,200 SF
Building Class
B
Year Built
1970
Price
$10,287,324 CAD
Price Per SF
$186.36 CAD
Cap Rate
7.31%
NOI
$752,003 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
27,600 SF
Building FAR
0.24
Lot Size
5.33 AC
Zoning
I-C - ZONING: Industrial/Light Manufacturing
PARCEL NUMBERS: 021-174-012, 021-174-011 & 021-211-005
Amenities
- Car Charging Station
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Transportation and Warehousing
-
99,999 SF
- -
-
Lorem Ipsum
- -
FedEx Ground began as Roadway Package System, a ground parcel business that later became part of Caliber System. FedEx acquired Caliber and its subsidiaries in the late 1990s, and the package delivery unit was rebranded as FedEx Ground soon after. The company focuses on ground shipping, residential delivery, business-to-business parcel service, and cross-border ground service between the United States and Canada. FedEx Ground operates within the broader FedEx network, which combines air, ground, freight, and related logistics services for shippers across a wide range of needs.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Transportation and Warehousing | 99,999 SF | - | Lorem Ipsum | - |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 021-174-012-000 | Total Assessment | $3,120,586 CAD (2025) |
| Land Assessment | $1,123,272 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,997,313 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
021-174-012-000
Land Assessment
$1,123,272 CAD (2025)
Improvements Assessment
$1,997,313 CAD (2025)
Total Assessment
$3,120,586 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Arcata Technology Center | 1385 8th St
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