Umpqua Bank & First American Title

Lakeport
,
CA
California

Call for Details

$

6,410,000

Call for Details
6.00
%
CAP Rate

$127M+ in Deposits

Strong Deposit Base Ensuring Long Term Commitment to this Location

$113,482

Average Household Income within a 5 Mile Radius

128 Miles

North of San Francisco

Property details
  1. Two-Tenant Retail Property Leased to Investment Grade Tenants
    • Anchored by Long-Term Lease to Umpqua Bank (NASDAQ: COLB)
    • No Landlord Maintenance Responsibilities
    • Annual Rental Escalations Included in Both Leases
  2. Corporate Guarantee from Umpqua Bank & First American Title Company
    • Umpqua Bank is Rated BBB+ by Fitch with $53.6 Billion in Assets
    • First American Title Company is Rated A by Fitch with $15.7 Billion in Assets
  3. Strong Deposit Base Ensuring Long-Term Commitment to Location
    • Umpqua's Largest Branch in Lake County by Deposits
    • Umpqua Bank has the Second-Highest Deposit Market Share of the 11 Banks Operating in the County
  4. Lakeport is a Popular Tourist Destination Due to Proximity to Clear Lake
  5. Excellent Access & Visibility on 11th St - 11,500 AADT
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Vahe Nokhoudian
Partner
CA RE Lic #01963342
Property Specs
Tenancy
Single Tenant
Multi Tenant
Building Size
15,060
SF
Lot Size
1.03
AC
View Offering Memorandum
View Offering Memorandum
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Vahe Nokhoudian
Partner
CA RE Lic #01963342