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1124 12th Street

Modesto, CA 95354
  • $4,200,000
  • STATUS: Pending
  • ON SITE: 368 Days
  • MLS #: 223042884
Pending
UPDATED: 202 min ago
$4,200,000
  • 0
    BEDS
  • 1.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 25,890
    SQFT
  • $162
    $/SQFT
Type:
Commercial
Built:
1980
County:

School Ratings & Info

Description

This is a downtown single-tenant investment opportunity that's leased to Stanislaus County's Behavioral Health and Recovery Services. This is a brand new, government-backed 10-year lease. The opportunity offers secure, stable return in a prime Downtown Modesto location. This property spans across 1.04 acres of land and offers a rentable area of 25,890 SF, making it an attractive option for tenants looking for ample space for business operations and parking. Additionally, the property underwent renovations in 2022, which means that it is equipped with modern amenities and state-of-the-art facilities. **The Price Reduction reflects a Current Cap Rate of 8.01%%**

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Metrolist MLS logo © 2024 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2024-05-17T23:40:33.737. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.yubasutterproperties.com/homes/139564212
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1124 12th Street Modesto, CA 95354

  • Price: $4,200,000
  • Status: Pending
  • On Site: 368 Days
  • Updated: 202 min ago
  • MLS #: 223042884
0
Beds
0
Baths
0
½ Baths
1.04
Acres
25,890
SQFT
$162
$/SQFT
1980
Built
Neighborhood:
Modesto Downtown & South of Yose
County:
Stanislaus
Area:
Modesto Downtown & South of Yose
Property Description
This is a downtown single-tenant investment opportunity that's leased to Stanislaus County's Behavioral Health and Recovery Services. This is a brand new, government-backed 10-year lease. The opportunity offers secure, stable return in a prime Downtown Modesto location. This property spans across 1.04 acres of land and offers a rentable area of 25,890 SF, making it an attractive option for tenants looking for ample space for business operations and parking. Additionally, the property underwent renovations in 2022, which means that it is equipped with modern amenities and state-of-the-art facilities. **The Price Reduction reflects a Current Cap Rate of 8.01%%**
Exterior Features

Construction Materials FrameStucco Dock Doors 0 Loading None Num Of Floors 2 Parking Features Exclusive Roof FlatTile Total Parking Spaces 0

Interior Features

Cooling Central Flooring Vinyl Heating Central Num Of Elevators 0 Num Of Restrooms 0 Office Sq Ft 0 Retail Sq Ft 0 Warehouse Sq Ft 0

Property Features

Building Features Meeting FacilitiesOther Restroom FacilitiesDumpsterLandscaping Business Type CommercialOther Electric Separate Electric Meter Income Includes Rent Lease Deposit 0 Lease Term 6-10 Years Location Downtown Num Of Offices 0 Num Of Tenants 1 Property Subtype Office Property Type CommercialSale Sewer Public Sewer Special Listing Conditions None Tenant Pays SewerElectricityGasTrash CollectionWaterJanitorial Services Utilities Separate Gas MeterSeparate Water Meter Water Source Public Year Renovated 0 Zoning UGD

Metrolist MLS logo Listing provided courtesy of Cosol Commercial Real Estate: . Listing information © 2024 MetroList Services, Inc.


Metrolist MLS logo © 2024 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2024-05-17T23:40:33.737. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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Keller Williams Yuba Sutter
422 Century Park Drive
Yuba City CA, 95991