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Oakdale Road , #900

Modesto, CA 95355
  • $1,295,000
  • STATUS: Active
  • ON SITE: 38 Days
  • ID#: ML81946737
$1,295,000
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1988
County:

School Ratings & Info

Listing Agent(s): Chris Shoemaker of Shoemaker Commercial Real Estate (831-476-8194)


Description

-NNN Leased Office Investment -Five years remaining on AIR Single Tenant NNN Lease with 2 five-year options -2% Annual Increases -Tenant pays 100% of all operating expenses directly, including HOA -6.25% Capitalization Rate -Well maintained building priced significantly below replacement cost -Tenant is a leading insurance and financial services company. Tenant has been in business since 1924 and has occupied the location for over 35 years

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-10T00:27:15.49. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
www.nelsonteamrealestate.com/homes/144903924
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Oakdale Road , #900 Modesto, CA 95355

  • Price: $1,295,000
  • Status: Active
  • On Site: 38 Days
  • ID#: ML81946737
0
Beds
0
Baths
0
½ Baths
0.52
Acres
1988
Built
Neighborhood:
699 - Not Defined
County:
Stanislaus
Area:
699 - Not Defined
Property Description
-NNN Leased Office Investment -Five years remaining on AIR Single Tenant NNN Lease with 2 five-year options -2% Annual Increases -Tenant pays 100% of all operating expenses directly, including HOA -6.25% Capitalization Rate -Well maintained building priced significantly below replacement cost -Tenant is a leading insurance and financial services company. Tenant has been in business since 1924 and has occupied the location for over 35 years
Exterior Features

Parking Total 20 Roof ElastomericTile

Interior Features

Cooling YN Yes Heating Forced Air Heating YN Yes

Property Features

Association Fee 0 Gross Scheduled Income 81156 Listing Agreement Exclusive Right To Sell Maintenance Expense 0 Other Expense 0 Tax Annual Amount 0 Trash Expense 0 Water Source Public Zoning P-D Planned Development



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-10T00:27:15.49. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
 
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The Nelson Team | American Home Realty
10 Via Del Tesoro
San Clemente CA, 92673
Listing Agent(s): Chris Shoemaker of Shoemaker Commercial Real Estate (831-476-8194)