Active
1124 12th Street
Modesto CA, 95354
$4,200,000
$162.22 per sqft
Active
25,890 sqft
Commercial
Built in 1980
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%%**
223042884
MLSⓇ ID
April 25, 2024
Updated
Map
1124 12th Street
Modesto CA, 95354
Interior Features
Total Stories
2
Interior Features
Vinyl
Floor Description
Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
1.04 Acres
Roof
Tile
Sewer
Public Sewer
Other Property Details
Area Name
20108
Garage
No
View
No
County
Stanislaus
Water Source
Public
Pool
No
Zoning
UGD
Buyer Agency Compensation
2%
Courtesy of Cosol Commercial Real Estate, Jacob Friedrich,
Listing Contact:
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