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400 E Orangeburg Ave
Modesto, CA 95350
Office Property For Sale

INVESTMENT HIGHLIGHTS

  • 10-year NNN lease w/Modesto Surgery Center
  • 287,405 population in 5-mile radius
  • $93,775 average household income within 10-mile radius
  • 2% annual rental increases
  • 408,855 population within 10-mile radius
  • Conveniently located between Modesto’s two hospital campuses.

EXECUTIVE SUMMARY

Modesto Surgery Center is two condo units totaling 4,723 SF within a five unit condominium building in Modesto. The other three units are a dental office, primary care clinic and medical research lab. The Modesto Surgery Center Condominium units property is being offered for sale under the terms of a 10-year NNN lease with 2% annual rental increases. There are currently 10 physicians at the surgery center and growing. Center currently performs eye and pain procedures, but will be adding additional specialties next year. The surgery center is Medicare certified. The surgery center business is a partnership between Cardio Surgical Partners and the physician owners. The physicians of Central Valley Eye perform their procedures at the surgery center. Central Valley Eye is a group of 9 physicians with clinic locations in Modesto, Manteca and Stockton. The surgery center was previously a single-specialty eye center, but recently purchased by the current physicians in a partnership with Cardio Surgical Partners, an ASC management and development company that has participated in the creation of over 50 ambulatory surgery centers. Halfway between San Francisco and Yosemite and surrounded by some of the state’s richest farmland and greatest agricultural areas in America, the growing city of Modesto sits at the very heart of California.

PROPERTY FACTS

Property Type Office
Property Subtype Medical
Building Class B
Lot Size 1.02 AC
Rentable Building Area 11,483 SF
No. Stories 1
Year Built 1995
Parking Ratio 7.29/1,000 SF
APN / Parcel ID
031-13-88
  • 031-13-89
Zoning P-O, Modesto - Provides appropriate sites that can also be used as a buffer between residential areas and more intense commercial uses and districts.

AMENITIES

  • Signage
  • Storage Space
  • Air Conditioning
  • Listing ID: 27423072

  • Date on Market: 1/3/2023

  • Last Updated:

  • Address: 400 E Orangeburg Ave, Modesto, CA 95350

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