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%%**
MLS #
ME223042884
MLS Source
MetroList Services, Inc.
Buyer's Brokerage Compensation*
2%
# Buildings / # Units
1
Parking Spaces
0
Present Use
Office
Utilities
Other, Water - Public
Flooring
Vinyl
Cooling
Central Forced Air
Heating
Central Forced Air
Roof
Flat, Tile
Sewer
Public Sewer
Water
Public
Zoning
UGD
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | – | – |
1124 12th St is a Commercial Sale in Modesto, CA 95354. This 25,890 square foot property sits on a 1.04 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,200,000 and was built in 1980.
This address can also be written as 1124 12th St, Modesto, CA 95354.©2024 MetroList Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MetroList Services, Inc.
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This listing information is up-to-date as of May 05, 2024. For the most current information, please contact Jacob Friedrich, (209) 481-5438