For Sale
$520,375

425 Center St Manteca, CA 95336

Central Manteca Office Buildings, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
136
This Manteca, CA office complex presents a compelling value-add investment or owner-user opportunity. The property comprises two free-standing buildings totaling 4,525 square feet on three parcels (APN: 223-094-15, 223-094-16, 223-094-14) encompassing 0.39 acres. Currently, the complex has five suites with 60% occupancy (three occupied suites). Building materials include wood frame construction, stucco, wood siding, and pitched tile roofs. Utilities are separately metered (gas, electricity, and water). Ample rear parking is available. One building (421 E Center St) requires substantial renovation due to prior water damage, presenting a significant upside for a buyer. The asking price is $520,375, representing a cost per square foot of $115 and a 7.96% cap rate. The property's long-term ownership history and below-replacement-cost pricing offer a rare opportunity for investors or owner-users seeking a strong return on investment. The property is being sold "as is". The buildings were constructed in the 1970s and are zoned for office use. This multi-tenant property offers a unique chance to acquire a well-located office complex in a growing area, with the potential for substantial appreciation after renovations. The property's location is 421, 423, and 425 East Center Street, Manteca, CA 95336.

Highlights

  • $520,375 asking price for a multi-tenant office property in Manteca, CA.
  • 7.96% pro forma cap rate.
  • 4,525 square feet, 5 units, 60% occupancy.
  • Class C, 1970s construction, two buildings, two stories.
  • 0.39-acre lot, fee simple ownership, gross lease type.
  • Three separate parcels with ample rear parking.

Property Details for 425 Center St

Property type
Office properties
Square Feet
4,525 SF
Class
C
Year Built
1970
Buildings
2
Stories
2
Lot Size (sq. ft)
16,988 SF
Units
5

Location Insight

City
Manteca
County
San Joaquin
State
California
Latitude
37.7993475
Longitude
-121.2120469

FAQs

What type of property is this?
Office property - Central Manteca Office Buildings, High ROI Potential
Where is the office property located?
The property is located at 425 Center St Manteca, CA.
What is the asking price?
The asking price for this property is $520,375.
What are key features of this property?
This property features: $520,375 asking price for a multi-tenant office property in Manteca, CA.; 7.96% pro forma cap rate.; 4,525 square feet, 5 units, 60% occupancy.
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.
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425 Center St
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