156 Maag AveOakdale, CA 95361
- Retail properties
- 4,288 SF
Property Details for 156 Maag Ave
- Year built
- 1991
- Construction
- WOOD
- Lot size
- 0.48 AC
- Property size (Sq ft)
- 4,288 SF
- Property type
- Retail properties
- Property subtype
- Super regional malls
- APN
- 064-043-007-000
- APU
- 64043007000
Description
This exceptional investment opportunity presents a 12,900 square foot, freestanding veterinary hospital and surgery center situated on a 1.34-acre lot at 156 N Maag Avenue in Oakdale, California. The property is currently under a double-net (NN) lease with VCA, Inc., a leading veterinary services provider with over 1,000 locations globally. This corporate-guaranteed lease provides a secure, low-management investment with significant remaining term. The initial lease term has 10 years remaining, followed by two 5-year options, ensuring long-term income stability. The Oakdale Veterinary Group, acquired by VCA in 2024, boasts a remarkable 50+ year history of success and growth, demonstrating the location's strong market position. The facility offers comprehensive veterinary services, including surgery, X-ray, ultrasound, and on-site MRI scanning, catering to a wide range of animal care needs. This presents a compelling opportunity for passive investors seeking a stable, high-growth investment in a thriving industry. The global veterinary services market is projected to reach $142 billion by 2025, indicating continued expansion and potential for future appreciation. The property's location in Oakdale, CA, offers further advantages. The asking price for this exceptional investment property is $9,400,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $990,495
- 6.5%
- $914,303
- 7%
- $848,996
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,486,452
- Geo Method
- $1,542,846
-
Alternative Use
- Use
- Valuation
- Residential
- $771,249
- Hospitality
- $706,460
- Educational
- $587,766
- Medical
- $607,980
- Retail
- $914,303
Location Insight
- City
- Oakdale
- County
- Stanislaus
- State
- California
- Latitude
- 37.7709
- Longitude
- -120.831
- CBSA code
- 33700
- CBSA name
- MODESTO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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