Building 1 | 3600 Sisk Rd
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Building 1 3600 Sisk Rd
8,571 SF 62% Leased Retail Building Modesto, CA 95356 $1,800,000 ($210/SF) 6.48% Cap Rate
Investment Highlights
- Located on the Sisk Road retail corridor near Target, Best Buy, Ulta, and Vintage Fair Mall
- Below replacement cost with rental income upside
- Professional business park building with complimentary co-tenants.
- 100% leased retail property
- Freeway signage on monument
- Ample parking with multiple curb access points
Executive Summary
100% leased retail property adjacent to the Golden State Highway in northern Modesto. Modesto is a transportation hub and is growing at a steady rate. It is a Multi-Tenant Retail Strip Center offering easy access to commuter traffic as well as city residents. The property is in great condition and maintains steady occupancy due to its location next to the highway and large retailers like Target and TJ Maxx.
Below replacement cost with rental income upside.
Below replacement cost with rental income upside.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,571 SF
Building Class
C
Year Built/Renovated
1981/1997
Price
$1,800,000
Price Per SF
$210
Cap Rate
6.48%
NOI
$116,581
Percent Leased
62%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Land Acres
0.49 AC
Zoning
MODPD - Planned Development
Frontage
803 FT on Sisk Road
Amenities
- Courtyard
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,339,389 | |
| Land Assessment | $470,991 | Total Assessment | $1,810,380 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$470,991
Improvements Assessment
$1,339,389
Total Assessment
$1,810,380
-
Xavier Santana -
Power Broker Chris Santana -
Northgate Commercial Real Estate
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Building 1 | 3600 Sisk Rd
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