17270-17272 Golden Valley Pky

-NOW LISTED FOR $7,800,000
-CAP RATE: 5.60%
-Effective Gross Income: $642,720 (Annual)
100% Leased Investment Property with Four (4) Tenants. Professional, high quality constructed Class B Office Building consisting of approximately 24,000 square feet of built out office space on a 1.5 1 acre parcel at the intersection of Golden Valley Parkway & Towne Center Drive in the Mossdale Landing neighborhood of Central Lathrop. Building is currently 100% leased, featuring 4-tenants (in 7-spaces). Property offers 3-separate lobbies, 2-common area restrooms, 116 parking spaces with lighting for a parking ratio of 4.83 per 1,000 square feet, well maintained landscaping, security alarm system, central fire sprinklers, and concrete tilt up construction. All professional Office Spaces feature high end interior finishes, high ceilings, central heating & air conditioning, fire sprinklers, modern lobbies and restrooms, and plug & play/internet ready offices.
Property is part of a 3-separate building ownership project located in the Mossdale Business Park, with close proximity to City Hall, Tesla Motors, In n Out Burger distribution center, Home Depot, Target, Costco, retail services, food/restaurants, and the San Joaquin River.
The property is zoned CS (Service Commercial) and could be permitted for a variety of uses like religious gatherings, day care/preschool, education/training, medical/dental, and other personal services. Interested parties are advised to check with City of Lathrop Planning and/or Building Departments for Conditional Use Permit or other use type permits that may be required.
Constructed in 2005, this clean, well maintained and functional professional office building property offers excellent street visibility at a signalized intersection with visibility from the freeway. Located just a few miles from the Interstate 205/580 interchange near Manteca, this Central San Joaquin Valley location offers a great commuter location.
The property is located among newer, large housing developments in a growing area with many companies and Silicon Valley commuters flocking to the Lathrop area from the greater Bay Area.
Easy access is available from the E. Louise Avenue/River Islands Parkway exit just off Interstate 5.
This area of Lathrop is growing quickly with new retail, residential, and commercial properties. Expansion in the immediate area makes this an affordable and strategic investment property. Ideal opportunity for an new or seasoned Investor/1031 exchange buyer.
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