This Office Property is no longer advertised on LoopNet.com.

1011 Sylvan Ave
Modesto, CA 95350

Office Property For Sale

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

  • Listing ID: 26815297

  • Date on Market: 10/10/2022

  • Last Updated:

  • Address: 1011 Sylvan Ave, Modesto, CA 95350