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United Veterinary Care | NNN | +11.5 Years 3520 Roselle Ave 5,846 SF 100% Leased Office Building Modesto, CA 95357 $3,885,251 ($664.60/SF) 6.75% Cap Rate
Investment Highlights
- Tenant Commitment: High relocation and build-out costs make veterinary hospitals long-term occupants.
- Passive Investment: Minimal landlord responsibilities under the lease.
- Long-Term Lease: ±11 years remaining with 3% annual increases and extension options.
- Strong Retail Corridor: Located within four miles of major retailers, schools, medical centers, and dense housing.
- Growing Industry: Veterinary services projected to reach $142B globally.
- Prime Location: ±5,846 SF site with strong visibility and access to CA-99 and CA-108.
Executive Summary
Broker of Record
David Harrington
License # 02168060, 01320460 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
David Harrington
License # 02168060, 01320460 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Building Size
5,846 SF
Building Class
B
Year Built
2007
Price
$3,885,251
Price Per SF
$664.60
Cap Rate
6.75%
NOI
$262,254
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
5,846 SF
Building FAR
0.13
Lot Size
1.00 AC
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 084-02-48 | Improvements Assessment | $2,248,080 |
| Land Assessment | $1,113,840 | Total Assessment | $3,361,920 |
Property Taxes
Parcel Number
084-02-48
Land Assessment
$1,113,840
Improvements Assessment
$2,248,080
Total Assessment
$3,361,920
Contacts
-
Andrew Evans -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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United Veterinary Care | NNN | +11.5 Years | 3520 Roselle Ave
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