1011 Sylvan Ave | Modesto, CA 95350
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- LoopNet Team
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
28,648 SF
Building Class
B
Year Built
2000
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
28,648 SF
Building FAR
0.30
Lot Size
2.22 AC
Zoning
P-O - Professional Office
Parking
147 Spaces (5.18 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 052-65-49 | Improvements Assessment | $5,285,338 |
| Land Assessment | $1,482,234 | Total Assessment | $6,767,572 |
PROPERTY TAXES
Parcel Number
052-65-49
Land Assessment
$1,482,234
Improvements Assessment
$5,285,338
Total Assessment
$6,767,572
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