This Office Property is no longer advertised on LoopNet.com.
1011 Sylvan Ave
Modesto, CA 95350
Office Property For Sale
![1011 Sylvan Ave, Modesto, CA for sale - Building Photo - Image 1 of 1](https://images1.loopnet.com/i2/vozwXqmObi5OfDt--AqvPXBa-y10rHBB4BwkQ5sewjE/110/1011-Sylvan-Ave-Modesto-CA-Building-Photo-1-Large.jpg)
INVESTMENT HIGHLIGHTS
- Value-Add Medical Office Building with Strong In-Place Income From Existing
- Well-Maintained Medical Building Built-in 2000, Offered Far Below Replacement Cost
- Upside Consists of Leasing Up Existing Cold-Shell Space with Private Entrance - Ideal for Surgery Center or Other Medical Tenants
- Existing Tenants are Sutter Health and Sylvan Eye Center, Both with Long-Term Leases
- Offered at 6.10% Capitalization Rate on Actual 76% Occupancy from Two Tenants
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
32,238 SF
Building Class
B
Year Built
2000
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
27,929 SF
Building FAR
0.33
Lot Size
2.22 AC
Zoning
P-O - Professional Office
Parking
147 Spaces (5.18 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | 052-65-49 | Improvements Assessment | $5,181,704 |
Land Assessment | $1,453,171 | Total Assessment | $6,634,875 |
Listing ID: 26815297
Date on Market: 10/10/2022
Last Updated:
Address: 1011 Sylvan Ave, Modesto, CA 95350
The Office Property at 1011 Sylvan Ave, Modesto, CA 95350 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.