1011 Sylvan Ave - Medical FOR SALE
Modesto, CA 95350 |
1011 Sylvan Ave
Modesto, CA 95350
HIGHLIGHTS
- Value-Add Medical Office Building with Strong In-Place Income From Existing
- Existing Tenants are Sutter Health and Sylvan Eye Center, Both with Long-Term Leases
- Well-Maintained Medical Building Built-in 2000, Offered Far Below Replacement Cost
- Offered at 6.10% Capitalization Rate on Actual 76% Occupancy from Two Tenants
- Upside Consists of Leasing Up Existing Cold-Shell Space with Private Entrance - Ideal for Surgery Center or Other Medical Tenants
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
32238
STORIES
2
BUILDING CLASS
B
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
147
LAND DETAILS
LAND ACRES
2.22 AC AC
LAND SF
96,703 SF
ZONING
-
APN/PARCEL ID
052-65-49
