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31745557
31745555

1302-1310 9th St, Modesto, CA 91786-5505

JA
CA 01911219
PMZ Commercial
Listed by PMZ Commercial
$1,787,000
54 days on market
Updated 12 days ago
Opportunity zone

1302-1310 9th St, Modesto CA

Details
APN 105-45-011
Property Type Industrial, Office (+1)
Sub Type Refrigerated/Cold Storage, Warehouse
Square Footage 12,000
Cap Rate 6.70%
NOI $122,800
Tenancy Single
Lease Type Modified
Lease Term 5
Lease Options Two x 5 Year Options
Year Built 1920
Lot Size (SqFt) 13,939
Investment Type Sale/Leaseback
Ground Lease No

Industrial | 6.70% CAP | 12,000 SqFt

Marketing description

Excellent Sale Leaseback Investment! Occupied by Fresh Ideas Flower company, founded in 1998, they are the region's largest wholesale and retail flower bouquet company.

Property features a 12,000 SF commercial building, on a 13,939 SF corner lot and offers a rare combination of office, retail, refrigerated cold storage, and open warehouse space under one roof. This property presents a versatile asset with broad appeal across food distribution, cold storage, light industrial, and service industry users. Interior highlights include a 5,000 SF open warehouse (50'x100'), a 1,500 SF 40 degree chiller room, a walk-in refrigerator, large office and retail areas, a remodeled restroom, and a breakroom with kitchenette.

The property is offered with a seller sale-leaseback in place featuring a five year modified gross lease at $13,000 per month starting rent, providing an investor with immediate, stable income from day one. Please see financial summary in brochure for more information. Property could be sold to an owner-user if preferred.

Listing Contacts

JA
CA 01911219
PMZ Commercial
Listed by PMZ Commercial

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$122,800.00
$10,233.33/mo

Valuation Metrics

0
DSCR
6.87%
Cap Rate
6.87%
ROI

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