2211 Rockefeller DrCeres, CA 95307

Property Details for 2211 Rockefeller Dr

Year built

2002

Construction

STEEL FRAME

Lot size

0.53 AC

Property size (Sq ft)

6,000 SF

Property type

Industrial properties

Property subtype

Other warehouses

APN

040-089-011-000

APU

40089011000

Description

This 7,500 square foot auto shop in Ceres, CA, presents a compelling investment opportunity. Located on Rockefeller Drive, adjacent to the heavily trafficked Highway 99 (approx. 104,700 vehicles daily), this property benefits from high visibility and accessibility. The building, constructed in 2002, is currently leased to Gerber Collision & Glass, the nation's second-largest MSO, under a new 5-year lease with 20 years of options. Gerber's significant capital expenditures upgrading the facility underscore their long-term commitment. The property boasts a strong 6.75% cap rate and a net operating income (NOI) of $102,000, with an asking price of $1,511,111 ($201/sq ft). Situated in a thriving area with a population exceeding 180,000 and an average household income of $93,182 within a 5-mile radius, this location offers exceptional stability and growth potential. The previous owner successfully operated the business for 22 years before selling to Gerber, further demonstrating the site's proven success. This investment offers a blend of strong current income and significant long-term upside potential, anchored by a national, publicly traded tenant. The property is approximately 4 miles from Downtown Modesto, providing easy access to a larger urban center.

Location Insight

City

Ceres

County

Stanislaus

State

California

Latitude

37.5976

Longitude

-120.971

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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