1124 12th Street Modesto, CA 95354
This is a downtown single-tenant investment opportunity that's leased to Stanislaus County's Behavioral Health and Recovery Services. This is a brand new, government-backed 10-year lease. The opportunity offers secure, stable return in a prime Downtown Modesto location. This property spans across 1.04 acres of land and offers a rentable area of 25, 890 SF, making it an attractive option for tenants looking for ample space for business operations and parking. Additionally, the property underwent renovations in 2022, which means that it is equipped with modern amenities and state-of-the-art facilities. **The Price Reduction reflects a Current Cap Rate of 8.01%%**
- Property TypeCommercial
- NeighborhoodN/A
- CountyStanislaus
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site82 Days
- MLS StatusPending
- MLS ID Number223042884
- Home Size Source Assessor
- Year Built1980
- Lot Size1.04 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction FrameStucco
- Building Features Meeting FacilitiesOther Restroom FacilitiesDumpsterLandscaping
- Parking Exclusive
- Parking Spaces 0
- Sewer Public Sewer
- Number of Stories 22
- Acreage 1.04
- Water Public
- Zoning UGD
- Cross Street K St
- Property Sub Type Office
Interior Features
- Cooling Central
- Heating Central
- Flooring Vinyl
Exterior Features
- Roof FlatTile
Community Features
- MLS Area 20108
- Building Features Meeting FacilitiesOther Restroom FacilitiesDumpsterLandscaping