1124 12th Street, Modesto, CA

$4,200,000

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1.04

Acres

About 1124 12th Street

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%%**

Features of 1124 12th Street

MLS® # 223042884
Price $4,200,000
Acres 1.04
Year Built 1980
Type Commercial Sale
Sub-Type Office
Status Pending

Community Information

Address 1124 12th Street
Area 20108
City Modesto
County Stanislaus
State CA
Zip Code 95354

Amenities

Utilities Separate Gas Meter,Separate Water Meter

Interior

Heating Central
Cooling Central
# of Stories 2
Has Basement No

School Information

Attendance Zone ENSLEN ELEMENTARY SCHOOL, ROOSEVELT JUNIOR HIGH SCHOOL, GRACE M. DAVIS HIGH SCHOOL

Additional Information

Zoning UGD
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Map

Listing Schools/Amenities

Listing Price, Sale, & Status History

Status Changed from Active to Pending
Status Changed from Active to Pending
Price Reduced from $4,500,000 to $4,200,000
Price Reduced from $4,500,000 to $4,200,000
Price Reduced from $4,650,000 to $4,500,000