1028 11Th StModesto, CA 95354
High-Yield, 100% Occupied, Value-Add Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- $1,725,000 asking price for a 11,500 square foot mixed-use building in downtown Modesto, CA.
- 100% occupancy with a current NOI of $101,163 and a pro-forma NOI of $160,673, resulting in a 5.86% current cap rate and a 9.31% pro-forma cap rate.
- Three units: a 3,000 SF restaurant, a 1,786 SF office suite, and a 6,579 SF office suite.
- Located in Modesto's Central Downtown (CD) zone, across from City Hall, with 12 tandem parking spaces.
- Recent building improvements include HVAC unit replacements, parking lot resurfacing, bathroom updates, and roof maintenance.
Property Details for 1028 11Th St
- Property type
- Retail properties, Restaurants
- Square Feet
- 11,500 SF
- Year Built
- 1955
- Units
- 3
Location Insight
- City
- Modesto
- County
- Stanislaus
- State
- California
- Latitude
- 37.6421279
- Longitude
- -120.9999546
Nearby Similar for Sale
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