32330 N Harbor Dr, Fort Bragg, CA 95437

Property Description

California Department of Fish & Wildlife -- 20-Year Occupancy -- Noyo Harbor Waterfront -- $250,000+ NOI -- 7.9% Going-In Yield -- Lease Renewal/Reset Opportunity. An iconic and well-cared-for two-story building on the Noyo River, this property blends functionality with character in a truly unique waterfront setting. Thoughtfully updated, it features a recently replaced 135-foot environmentally conscious ramp and dock, offering direct access to the river. Inside, you'll find numerous offices, open areas with cubicles, conference room, a kitchen with break room, a mechanical room, a secure server room and five bathrooms plus a shower for added convenience. There is also a dedicated dive room with storage. An attached but separate warehouse provides versatile space for vehicles or additional storage needs.Practical amenities include fenced and secure parking for 17 vehicles, additional public parking, secure boat storage, and a modern camera security system. Currently home to a solid long-term tenant--the California Department of Fish and Wildlife--this property offers stability, an attractive cap rate, and the peace of mind that comes with a quality tenant in place.This property enjoys an approximate $250,000 per year NOI with a remarkable 9%+/- cap rate. Whether as a secure investment or a landmark asset on the Noyo River, this property offers a rare opportunity to own a piece of the Mendocino Coast's working waterfront.