1600 Sunrise Ave
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1600 Sunrise Ave
11,111 SF 93% Leased Office Building Modesto, CA 95350 $2,100,000 ($189/SF) 7.37% Cap Rate
Investment Highlights
- Prime Opportunity for Owner Occupier:
- Recently Renovated Interior
- Prime Modesto Location
- Low Price PSF
Executive Summary
**New Anchor Tenant** **93% leased** 6.59 % CAP on actuals.
Unleash the potential of this prime investment opportunity! This one- of-a-kind, renovated medical office building is nestled in the heart of Central Modesto, just off Briggsmore & Sunrise Ave. With nine spacious individual suites, a convenient common area restroom, and exceptional visibility, this turn-key property is a dream come true for any savvy investor. Picture-perfect with mature landscaping, ample parking, and a strong emphasis on safety and privacy. Don't miss out on this rare chance to secure your financial future in the thriving commercial real estate market.
Prime Opportunity for Owner Occupier: Suite 16 at 1600 Sunrise Ave presents an incredible chance for an operator. Formerly a medical office, this well-designed space boasts six private offices, nine exam rooms, a spacious break room, a nurse station, and a welcoming reception area. With plumbing for water and air already in place, this turnkey property is ready to help you achieve your financial goals.
Also available for lease, contact LA.
Unleash the potential of this prime investment opportunity! This one- of-a-kind, renovated medical office building is nestled in the heart of Central Modesto, just off Briggsmore & Sunrise Ave. With nine spacious individual suites, a convenient common area restroom, and exceptional visibility, this turn-key property is a dream come true for any savvy investor. Picture-perfect with mature landscaping, ample parking, and a strong emphasis on safety and privacy. Don't miss out on this rare chance to secure your financial future in the thriving commercial real estate market.
Prime Opportunity for Owner Occupier: Suite 16 at 1600 Sunrise Ave presents an incredible chance for an operator. Formerly a medical office, this well-designed space boasts six private offices, nine exam rooms, a spacious break room, a nurse station, and a welcoming reception area. With plumbing for water and air already in place, this turnkey property is ready to help you achieve your financial goals.
Also available for lease, contact LA.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$199,770
|
$17.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$199,770
|
$17.98
|
| Taxes |
$22,680
|
$2.04
|
| Operating Expenses |
$22,248
|
$2.00
|
| Total Expenses |
$44,928
|
$4.04
|
| Net Operating Income |
$154,842
|
$13.94
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $199,770 |
| Annual Per SF | $17.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $199,770 |
| Annual Per SF | $17.98 |
| Taxes | |
|---|---|
| Annual | $22,680 |
| Annual Per SF | $2.04 |
| Operating Expenses | |
|---|---|
| Annual | $22,248 |
| Annual Per SF | $2.00 |
| Total Expenses | |
|---|---|
| Annual | $44,928 |
| Annual Per SF | $4.04 |
| Net Operating Income | |
|---|---|
| Annual | $154,842 |
| Annual Per SF | $13.94 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
11,111 SF
Building Class
B
Year Built
1975
Price
$2,100,000
Price Per SF
$189
Cap Rate
7.37%
NOI
$154,842
Percent Leased
93%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,111 SF
Building FAR
0.38
Lot Size
0.67 AC
Zoning
PO, Modesto - Professional/medical office uses.
Parking
40 Spaces (3.6 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Courtyard
- Atrium
- Central Heating
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 17
- 800 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 17 | 800 SF | Office | - | Now |
1st Fl-Ste 17
| Size |
| 800 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | 120-48-02 | Total Assessment | $1,356,165 (2023) |
| Land Assessment | $443,979 (2023) | Annual Taxes | $22,680 ($2.04/SF) |
| Improvements Assessment | $912,186 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
120-48-02
Land Assessment
$443,979 (2023)
Improvements Assessment
$912,186 (2023)
Total Assessment
$1,356,165 (2023)
Annual Taxes
$22,680 ($2.04/SF)
Tax Year
2024
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Rand Commercial Properties
1600 Sunrise Ave
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