955 Center StManteca, CA 95337

Property Details for 955 Center St

Year built

1979

Lot size

0.82 AC

Property size (Sq ft)

10,270 SF

Zone code

10

Property type

Medical offices

Property subtype

Medical centers

APN

217-600-170-000

APU

217600170000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,958,070

  6.5%

  $1,807,450

  7%

  $1,678,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,466,350

  Geo Method

  $1,466,350

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,423,030

  Retail / Commercial

  $1,781,820

  Mixed-Use / Specialty

  $1,796,360

  Hospitality / Lodging

  $1,345,130

  Institutional / Educational

  $1,874,960

  Residential Income

  $2,193,700

  Multifamily

  $2,515,190

  Automotive / Energy

  $1,607,110

  Parking / Income-Based Land

  $533,953

  Restaurant / Food Service

  $978,885

  Healthcare / Senior Housing

  $1,820,710

Location Insight

City

Manteca

County

San Joaquin

State

California

Latitude

37.7995

Longitude

-121.23

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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