301 9th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
301 9th St
180,646 SF 85% Leased Industrial Building Modesto, CA 95351 $21,262,050 CAD ($118 CAD/SF) 6.50% Cap Rate
Executive Summary
• List price of $15,000,000.00 yielding a 5.5% Cap Rate
• Extremely stable 97% leased complex with many long-term tenants. The largest tenant has occupied the Park for approximately 40 years.
• Many leases are well below market creating a great “value add” opportunity. Rents could rise significantly on a couple units with minimal tenant improvement investment such as new offices and restrooms. Staggered lease termination dates with only one tenant having a renewal option.
• The Park has appealed to and retained many excellent credit tenants due to its attractive features including, but not limited to, generous parking / staging areas, a variety of space configurations and proximity to Modesto’s growing downtown.
• The Modesto submarket industrial inventory is approximately 31,051,000 square feet with occupancy currently estimated to be 99.2%. Source Costar 4th Quarter 2022.
• Extremely stable 97% leased complex with many long-term tenants. The largest tenant has occupied the Park for approximately 40 years.
• Many leases are well below market creating a great “value add” opportunity. Rents could rise significantly on a couple units with minimal tenant improvement investment such as new offices and restrooms. Staggered lease termination dates with only one tenant having a renewal option.
• The Park has appealed to and retained many excellent credit tenants due to its attractive features including, but not limited to, generous parking / staging areas, a variety of space configurations and proximity to Modesto’s growing downtown.
• The Modesto submarket industrial inventory is approximately 31,051,000 square feet with occupancy currently estimated to be 99.2%. Source Costar 4th Quarter 2022.
Property Facts
| Price | $21,262,050 CAD | Rentable Building Area | 180,646 SF |
| Price Per SF | $118 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1980/2002 |
| Cap Rate | 6.50% | Parking Ratio | 0.33/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 24 ft |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 6 |
| Building Class | B | No. Drive In / Grade-Level Doors | 14 |
| Lot Size | 8.90 AC | Opportunity Zone |
Yes
|
| Price | $21,262,050 CAD |
| Price Per SF | $118 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 8.90 AC |
| Rentable Building Area | 180,646 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2002 |
| Parking Ratio | 0.33/1,000 SF |
| Clear Ceiling Height | 24 ft |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 14 |
| Opportunity Zone |
Yes |
Utilities
- Water - City
- Sewer - City
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
UNIT C2: • AVAILABLE SF: 11,468± SF • OFFICE: BTS • DH DOORS: Two (2) • POWER: 100 amps, 240/480 volt, 3 phase
• AVAILABLE SF: 15,360± SF • OFFICE: 1,000± SF, two (2) restrooms, two (2) private training room doors • DH DOORS: One (1) possible • GL DOORS: Three (3) • POWER: 100 amps, 240/480 volt, 3 phase • FEATURES: Fenced 15,000± sf exclusive yard with exterior dock • CEILING HEIGHT: 22’ minimum
| Space | Size | Space Use | Condition | Available |
| 1st Fl - C2 | 11,468 SF | Industrial | - | Now |
| 1st Fl - C3 | 15,360 SF | Industrial | - | Now |
1st Fl - C2
| Size |
| 11,468 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1st Fl - C3
| Size |
| 15,360 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1 of 25
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl - C2
| Size | 11,468 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
UNIT C2: • AVAILABLE SF: 11,468± SF • OFFICE: BTS • DH DOORS: Two (2) • POWER: 100 amps, 240/480 volt, 3 phase
1 of 25
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl - C3
| Size | 15,360 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
• AVAILABLE SF: 15,360± SF • OFFICE: 1,000± SF, two (2) restrooms, two (2) private training room doors • DH DOORS: One (1) possible • GL DOORS: Three (3) • POWER: 100 amps, 240/480 volt, 3 phase • FEATURES: Fenced 15,000± sf exclusive yard with exterior dock • CEILING HEIGHT: 22’ minimum
PROPERTY TAXES
| Parcel Number | 103-06-01 | Improvements Assessment | $7,131,854 CAD |
| Land Assessment | $3,049,075 CAD | Total Assessment | $10,180,929 CAD |
PROPERTY TAXES
Parcel Number
103-06-01
Land Assessment
$3,049,075 CAD
Improvements Assessment
$7,131,854 CAD
Total Assessment
$10,180,929 CAD
zoning
| Zoning Code | M-1 (Industrial - City of Modesto) |
| M-1 (Industrial - City of Modesto) |
1 of 21
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
301 9th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.