Medical Office 1518 Coffee Road, Modesto, CA May Trade 31% Cash on Cash 13.4 Cap Must Sell Year End!

For any questions please contact the office at 209-522-9999 or email [email protected]

This great 16,031 sq. ft. 2 story, walk-up building, medical office condominium building was built in 1982. It is one block from Memorial Hospital, on the corner of Briggsmore and Coffee Rd. One mile from Sutter Medical Center. There are currently short-term tenants that give the prospective buyer the flexibility to increase rents and sell condos separately. There is a nice garden setting with skylight windows, private balconies, and planters in many of the units. There are 45 on-site parking spaces with additional street parking. There is some covered parking available. There is a high traffic count of 37,200 on Briggsmore and 22,400 on Coffee Rd. The building is 10 min away from Highway 99.

1518 Coffee Rd. is located in Central Modesto, close to restaurants, shopping, medical and public transportation. Leasing the building up gives the potential owner a significantly high cash-on-cash and cap rate. It is also in a well-populated residential area. Within a 3-mile radius there are 150,973 number of residents. The building was recently renovated and many of the interior spaces will need very little tenant improvements. Since the building provides multiple tenants, it allows room for a potential investor to spread out risk without having too many tenants. many of the units are already furnished.

The following business types can be used at the building units: medical, commercial, and professional offices. This beautiful 2-story building is made of wood construction and wood composition and flat roof. All of the units have central air and heat, many of which are only a few years old. Almost all the units have a restroom except for one, but there is a common area bathroom available for all units to use. There is a huge conference room in Suite G/H and the landscaping is sprinklered. There is suspended ceilings, individual thermostat controls, and individual meters. The zoning is PD-Planned Development for Professional Offices. The lot is 33,921 sq. ft. or .779 acres

The building has 4 Golden Bear tenants until 12/31/2022 and a dental office on a month to month basis. There are currently 3 units vacant.

From the Bay Area you will take the exit from Highway 99, East on Briggsmore Ave., South on Coffee Rd, Property is the 2nd property south of Briggsmore Ave on the East side of Coffee Rd.