1302-1310 9th St Local commercial 1 115 m² À vendre Modesto, CA 95354 1 539 286 € (1 380,73 €/m²) Taux de capitalisation 7 %

PMZ Commercial Real Estate is pleased to bring to market 1302-1310 9th St, Modesto, CA 95354, a 12,000± sf commercial building on a high-visibility corner lot of 13,939± sf in downtown Modesto. This credit tenant sale-leaseback or owner-user opportunity is currently occupied by Fresh Ideas Flower Co., founded in 1998 and the region's largest wholesale and retail flower bouquet company.
Property features a rare combination of office, retail, refrigerated cold storage, and open warehouse space under one roof. Interior highlights include a 5,000± sf open warehouse (50'×100'), a 1,500± sf 40° chiller room, a walk-in refrigerator, large office and retail areas, a remodeled restroom, and a breakroom with kitchenette.
The property is offered with a seller sale-leaseback in place featuring a five-year modified gross lease at $13,000 per month starting rent, with two 5-year options. Tenant is responsible for all maintenance except roof and structure. Net Operating Income of $122,800 provides a 6.7% cap rate, offering immediate, stable income from day one. Property could be sold to an owner-user if preferred.
Zoned CM, allowing for a variety of uses. Well suited for food distribution, cold storage, light industrial, or other commercial businesses. Please check with the City of Modesto planning department for further details on permitted uses. Call listing agent for more details and to arrange a showing.