421-425 East Center 425 E Center St

This well-located office complex in Central Manteca consists of two free-standing office buildings, each on a separate parcel, with a large third parcel to the rear used as parking. The subject property is perfect for an owner user, or investor looking for a renovation and add value project and will offer superior cash flow and return upon completion of renovation. The complex is being sold “as is” with all three parcels together, 421, 423, and 425 East Center, Manteca, CA. The property has been held by the same ownership for several decades allowing tremendous upside for the proactive buyer or owner/user. The construction of both office buildings consists of wood frame construction, with low maintenance stucco and wood siding, and pitched tile roofs.
421 East Center, Manteca, CA is a free-standing office building, with crawl space, on a 6,023 square foot parcel (per public records), that has been unused for several years, and suffered from an interior water leak over 2-years ago which necessitates that a new buyer renovate the property down to the studs and fully remodel the building. The building was previously used as a medical office building prior to the owner’s retirement.
423 East Center, Manteca, CA consists of a 5,085 square foot parcel (per public records) to the rear of the front two parcels, and is used exclusively for parking.
425 East Center, Manteca, CA is currently configured with four different office suites (with suite #3 currently vacant), a concrete slab foundation, on a 5,506 square foot parcel (per public records), with individual gas and electric meters for each tenant and one water meter paid for by landlord.
The subject property is being offered significantly below replacement cost at an attractive $115 per square foot which offers a unique opportunity for a new buyer to enter the market with office ownership at a rarely available price point.