For Sale
$2,100,000

955 Center StManteca, CA 95337

100% Leased, 7.34% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully leased, single-story office building totaling 10,244 square feet situated on a 0.81-acre lot in Manteca, California. The property, built in 1974 and extensively renovated in 2020, boasts a strong 7.34% cap rate and a Net Operating Income (NOI) of $154,237. Currently 100% occupied by Calturas Capital under a triple-net (NNN) lease commencing July 1, 2023, and expiring July 31, 2038, this fee-simple ownership offers exceptional stability. The property features ample parking (4 spaces per 1,000 sq ft) and benefits from its prime location at 955 W Center St, Manteca, CA 95337, near City Hall, the Manteca Police Department, and the DMV. Its convenient location between Sacramento and San Francisco, combined with Manteca's robust economy and low office vacancy rates, ensures long-term value. The property is zoned CO and features a Class C building. The asking price is $2,100,000, translating to $205 per square foot. This is a rare opportunity to acquire a stable, high-performing commercial property in a thriving market. The APN is 217-600-17.

Highlights

  • Fully Leased Office Building
  • Prime Location near Manteca City Hall, Police Department, and DMV
  • Convenient access to Sacramento and San Francisco
  • Manteca's strong economy and low office vacancy rate
  • Abundant on-site parking, synergistic location, and enhanced security adjacent to police department
  • Renovated in Summer 2020

Property Details for 955 Center St

Property type
Office properties
Square Feet
10,244 SF
Class
C
Year Built/Renovated
1974/2020
Buildings
1
Stories
1
Lot Size (sq. ft)
35,284 SF

Location Insight

City
Manteca
County
San Joaquin
State
California
Latitude
37.799443
Longitude
-121.230011
955 Center St, Manteca, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
955 Center St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message