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29777083
29777085

17395 Manthey Rd, Lathrop, CA 95330

JB
01998325
PDF Commercial
Listed by PDF Commercial
$8,500,000
108 days on market
Updated 9 days ago

17395 Manthey Road

Details
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 24,104
Cap Rate 6.5%
NOI $552,737
Occupancy 100%
Tenancy Multi
Brand/Tenant Merchantech, Tuff Boys (Admin Headquarters) (+5)
Lease Type Net
Rent Bumps Yes
Price per SqFt $353
Year Built 2009
Acreage 2.110
Investment Type Stabilized
Ownership Invested Significant Capital

Office | 6.50% CAP | 24,104 SqFt

Marketing description

eXp Commercial is pleased to present 17395 Manthey Road a stabilized net leased office investment opportunity with exceptional visibility and frontage directly off Interstate 5 in Lathrop, California. The property benefits from strong freeway exposure, providing tenants with prominent branding and efficient regional accessibility within one of Northern California’s most supply constrained and consistently performing office markets.

Constructed in 2009, the property totals 24,104 square feet and is situated on a 2.11 acre parcel. The building is comprised of six suites and is currently operating at near 100% occupancy, delivering immediate and predictable cash flow. The tenant roster is diversified and primarily structured under net lease arrangements, resulting in limited landlord responsibilities and reduced management intensity.

Lathrop continues to benefit from sustained employment growth, industrial expansion, and population inflows tied to its strategic position along the Interstate 5 corridor. As demand for professional and service oriented office space continues to strengthen, well located assets with freeway exposure remain highly sought after.

The Property is primarily leased under net lease arrangements, with tenants reimbursing their proportionate share of operating expenses, providing predictable income and minimizing landlord obligations. The executive office suites are operated on a full service basis and remain well leased, contributing to income diversification and overall stability.

The tenant mix consists of professional and service oriented office users with contractual rent increases and defined renewal options. The executive office component is currently 20 of 23 suites occupied, supporting near full building occupancy and consistent cash flow. Ownership has completed meaningful capital improvements in recent years, enhancing the overall condition of the asset and supporting long term tenancy.

Investment highlights

  • Purchase Price: $8,500,000
  • In Place Cap Rate: 6.50%
  • Net Operating Income: $552,736.56
  • Price Per Square Foot: $352 (Well below current replacement cost)
  • Stabilized net leased office investment with near 100% occupancy
  • Exceptional visibility and frontage directly off Interstate 5
  • Diversified tenant mix across six suites
  • Predominantly net lease structure with limited landlord responsibilities
  • Ownership has invested significant capital improvements over the past several years
  • Modern construction completed in 2009
  • Located within a highly supply constrained office submarket
  • Stabilized Net Leased Office Investment with Exceptional Interstate 5 Exposure

Listing Contacts

JB
01998325
PDF Commercial
Listed by PDF Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$552,736.56
$46,061.38/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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