Standiford Plaza
12,650 SF | 100% Leased | Retail Building | Modesto, CA 95356 | $845,000 ($67/SF) | 18.20% Cap Rate
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $845,000
- Property Type
-
Retail
- Square Feet
- 12,650 SF
- Price / Square Foot
- $67
Listing Contacts
Adam Farmer
Verified Profile
- Property Info
Property Overview
For Sale / 12,650 sf Multi-Tenant Retail Center Located in front of Reginal Vintage Fair Mall.
Leasehold Interest. In Place Cap Rate 18.20% / Rent Recapture $540,881.96
Population within 1 mile / 13,460, within 3 mile 81,824
Tremendous Exposure and Traffic Counts in Excess of 74,054 and 148,000 on HWY 99
Located One Block from HWY 99
Six Tenants / Great Tenant Mix Low Rents
(1) 20 Year Ground Lease Option Remaining
Perfect Opportunity for High Yield Investment on one of the Busiest Intersections in Modesto
Long Term Tenants, Low Vacancy History
Leasehold Interest. In Place Cap Rate 18.20% / Rent Recapture $540,881.96
Population within 1 mile / 13,460, within 3 mile 81,824
Tremendous Exposure and Traffic Counts in Excess of 74,054 and 148,000 on HWY 99
Located One Block from HWY 99
Six Tenants / Great Tenant Mix Low Rents
(1) 20 Year Ground Lease Option Remaining
Perfect Opportunity for High Yield Investment on one of the Busiest Intersections in Modesto
Long Term Tenants, Low Vacancy History
Property Details
- Class
- B
- Year Built
- 1990
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
- Lot Size (sq. ft)
- 40,511 SF
Highlights
- Only $845,000
- 12,650 sf Multi-Tenant Retail Center Located in front of Reginal Vintage Fair Mall
- Gross Rent: $342,988.00
- Traffic Counts 74,054 ADT
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