318 McHenry Ave - Office FOR SALE


Modesto, CA 95354- Southeast Modesto
$1,400,000 USD
318 McHenry Ave, Modesto, CA for Sale
$1,400,000 USD
Office - FOR SALE
1/8
null | 6.67% Cap Rate

318 McHenry Ave
Modesto, CA 95354
Southeast Modesto


HIGHLIGHTS

  • 100% leased investment
  • Priced below replacement cost
  • Located along Modesto's main corridor and adjacent to downtown

OVERVIEW

This leased investment is 100% occupied by AIM Higher, Inc. through November 30, 2030. The tenant has been in possession of the property since July 2021 and recently renewed their lease for an additional five years. The lease is a Gross lease and there are 3% annual increases built into the rent schedule.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

PO, Modesto

APN/PARCEL ID

111-05-67

ASK ABOUT THIS PROPERTY

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