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100% Government-Leased | County of Glenn 604 E Walker St 26 400 pi² 100% Loué Bureau Immeuble Orland, CA 95963 5 501 971 $ CAD (208,41 $ CAD/pi²) 7,50% Taux de capitalisation



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Faits saillants de l'investissement
- 100% LEASED TO COUNTY OF GLENN
- LEASE TERM EXTENDS THROUGH FEBRUARY 2035
- PROMINENT STATE HIGHWAY 32 FRONTAGE
- OCCUPIED BY HEALTH & HUMAN SERVICES AGENCY
- 7.50% CAP RATE WITH SCHEDULED RENT GROWTH
- 98 PARKING SPACES ON APPROXIMATELY 1.71 ACRES
Résumé de l'annonce
100% Government-Leased Investment | County of Glenn Health & Human Services.
Rare opportunity to acquire a 26,400 square foot, 100% government-leased facility prominently located at 604 E. Walker Street (State Highway 32) in Orland, California. The property is fully occupied by the County of Glenn and utilized by its Health & Human Services Agency (HHSA), including the County’s Children System of Care operations. The County initially occupied approximately 13,000 square feet before expanding into the balance of the building in 2022, bringing its occupancy to 100% of the approximately 26,400 square foot, two-story facility. The lease extends through February 28, 2035, with an additional five-year extension option through February 2040. Current rent is $30,800 per month / $369,600 annually, with a scheduled increase to $33,880 per month beginning March 1, 2030. The lease is structured as a modified gross lease, with the County responsible for its utilities and the landlord retaining certain operating, maintenance and repair obligations. Situated on approximately 1.71 acres with 98 parking spaces, the property provides substantial on-site parking, excellent accessibility and prominent exposure along Highway 32, one of Orland’s primary commercial and transportation corridors. The combination of long-term County of Glenn tenancy, full-building government occupancy, an established Health & Human Services use, scheduled rental growth and a prominent Highway 32 location creates a compelling investment opportunity for buyers seeking durable public-sector tenancy in Northern California.
Rare opportunity to acquire a 26,400 square foot, 100% government-leased facility prominently located at 604 E. Walker Street (State Highway 32) in Orland, California. The property is fully occupied by the County of Glenn and utilized by its Health & Human Services Agency (HHSA), including the County’s Children System of Care operations. The County initially occupied approximately 13,000 square feet before expanding into the balance of the building in 2022, bringing its occupancy to 100% of the approximately 26,400 square foot, two-story facility. The lease extends through February 28, 2035, with an additional five-year extension option through February 2040. Current rent is $30,800 per month / $369,600 annually, with a scheduled increase to $33,880 per month beginning March 1, 2030. The lease is structured as a modified gross lease, with the County responsible for its utilities and the landlord retaining certain operating, maintenance and repair obligations. Situated on approximately 1.71 acres with 98 parking spaces, the property provides substantial on-site parking, excellent accessibility and prominent exposure along Highway 32, one of Orland’s primary commercial and transportation corridors. The combination of long-term County of Glenn tenancy, full-building government occupancy, an established Health & Human Services use, scheduled rental growth and a prominent Highway 32 location creates a compelling investment opportunity for buyers seeking durable public-sector tenancy in Northern California.
Bilan financier (Pro forma - 2026) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
509 656 $
|
19,31 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
509 656 $
|
19,31 $
|
| Taxes |
60 522 $
|
2,29 $
|
| Dépenses d’exploitation |
36 411 $
|
1,38 $
|
| Total des dépenses |
96 933 $
|
3,67 $
|
| Revenu net d’exploitation |
412 724 $
|
15,63 $
|
Bilan financier (Pro forma - 2026)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 509 656 $ |
| Annuel par pi² | 19,31 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 509 656 $ |
| Annuel par pi² | 19,31 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 60 522 $ |
| Annuel par pi² | 2,29 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 36 411 $ |
| Annuel par pi² | 1,38 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 96 933 $ |
| Annuel par pi² | 3,67 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 412 724 $ |
| Annuel par pi² | 15,63 $ |
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Bureau
Taille du bâtiment
26 400 pi²
Classe d’immeuble
B
Année de construction
2000
Prix
5 501 971 $ CAD
Prix par pi²
208,41 $ CAD
Taux de capitalisation
7,50%
Revenu net d’exploitation
412 724 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
2 étages
Superficie de plancher typique
13 200 pi²
Coefficient d’occupation des sols de l’immeuble
0,34
Taille du lot
1,78 AC
Zone de développement économique
Oui
Zonage
C-2 - Allows a broad range of retail, office, government, restaurant, financial, service and related commercial uses, with additional uses available by admi
Stationnement
98 places (3,71 places par 1 000 pi² loué)
Commodités
- Accès 24 heures
- Système de sécurité
- Réception
- Climatisation
Principaux locataires
- Locataire
- Secteur
- pi² Occupé
- Loyer/pi²
- Type de bail
- Fin du bail
- County of Glenn
- Administration publique
- 26 400 pi²
- 19,36 $ CAD
- Brut modifié
- Févr. 2035
| Locataire | Secteur | pi² Occupé | Loyer/pi² | Type de bail | Fin du bail | |
| County of Glenn | Administration publique | 26 400 pi² | 19,36 $ CAD | Brut modifié | Févr. 2035 |
1 1
Relativement accessible à pied
30/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Relativement accessible en vélo
20/100
Impôts fonciers
| Numéro de lot | 041-090-022-000 | Évaluation totale | 2 399 163 $ CAD |
| Évaluation du terrain | 459 435 $ CAD | Impôts annuels | 60 522 $ CAD (2,29 $ CAD/pi²) |
| Évaluation des bâtiments | 1 939 727 $ CAD | Année d’imposition | 2026 |
Impôts fonciers
Numéro de lot
041-090-022-000
Évaluation du terrain
459 435 $ CAD
Évaluation des bâtiments
1 939 727 $ CAD
Évaluation totale
2 399 163 $ CAD
Impôts annuels
60 522 $ CAD (2,29 $ CAD/pi²)
Année d’imposition
2026
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100% Government-Leased | County of Glenn | 604 E Walker St
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