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Modesto Commercial Real Estate |
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Ron Roaks and Dave Tanner |
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Modesto Commercial Real Estate |
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Ron Roaks and Dave Tanner |
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Retail Space for Sale |
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2035 Yosemite Blvd., Modesto, CA Parcel Size: 3,485 +/- sq. ft. Building Size: 3,200 sq. ft. Zoning: General Commercial (C-2) which permits a wide variety of retail uses. Traffic Flow: An average of 26,000 vehicle per day per traffic count by City of Modesto Engineering Department. Location: The property is located on the north side of Yosemite Blvd. (SR 132) between Phoenix Ave. and Parry Ave. There is residential development to the north, east and west of the property. Beard Industrial Tract is directly across Yosemite from the site. General Description: This is a retail building located in a "strip center" made up of individually-owned parcels/buildings. The location and building are excellent for a wide variety of retail uses - good signage, high traffic count, good parking, affordable. Price: $320,000 (Also for lease for $.75 per square foot per month gross.) Flyer Map Parcel Map Demographics Demographics Map Picture Picture Picture |
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McHenry Self Storage, 1234
McHenry Ave., Modesto, CA
Temporarily Off Market Parcel Size: Approximately 75,794 square feet. Approximately 1.74 acres. Building Size: Total is approximately 73,316 square feet. This consists of approx. 70,609 sq. ft. in two L-shaped storage buildings (43,323 rentable sq. ft.) and approx. 2,709 sq. ft. in the office/manager's apartment building. State-of-the-art facility, well maintained, excellent on-site management. Number of Units: 585 total units. 76 of the units are climate controlled. Year Built: 2001. Location: Centrally located on McHenry Ave., the main north/south corridor in Modesto, between Orangeburg Ave. and Roseburg Ave. Approximately 1.5 miles from the Modesto central business district. Ideally located for business users as well as residential customers. Traffic Volume: Based on information from the City of Modesto Traffic Engineering Department, the traffic volume in 2004 was 41,500 vehicles per day on average. It is reasonable to assume that population increase has pushed the volume higher since then. General Description: The property is an extremely well-built self storage facility in the heart of town. There are no maintenance issues as the buildings are only a few years old and nothing has been ignored. The centralized location on McHenry Ave., the excellent security features and the climate-controlled units make it attractive to business users as well as residential customers. There is upside potential in this project. Although occupancy has been on the increase, it is hovering around 76% at the present. With imaginative marketing, the vacancy factor could be lowered making the facility a very good investment. Price: $4,300,000. Map Map Parcel Map PDF Aerial Photo Demographics Radius Map Picture Picture Picture Picture Multi-page Brochure |
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The following properties are previously completed transactions. |
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4706 Broadway, Salida, CA
Sold Parcel Size: Approximately 9,148 square feet per assessor's records. Building Size: Approximately 2,360 square feet per assessor's records. Zoning: General Commercial (C-2). This is a broad commercial zoning category which allows such uses as: churches, day care centers, club houses, community centers, business and professional offices, clinics, restaurants, etc. Location: The property is located at the intersection of Broadway and Morgan in Salida, CA. Broadway is the main business street in the community of Salida. It is approximately 1/3 mile from the entrance ramp to SR 99. The building is located on a corner and has off-street parking in front and on the side as well as in the rear, which is a sizable parking lot. There is also convenient on-street parking in front of the property. The average daily traffic (ADT) on Broadway is 10,592 based on March 2005 counts by the Stanislaus County Department of Traffic Engineering. The general location is northern Stanislaus County. Use: There are presently two tenants in the property - a restaurant and a gift shop/beauty supply shop. Although the tenants are on short-term leases, there has never been a vacancy problem in the building. The actual vacancy has been 0% over the last six years. Because the rent has been so stable, this would be a good investment property. Also, the short-term leases provide an opportunity for an owner/user who is looking for a strong retail/office location. Building Condition: The building was built in 1959 and has been very well maintained. The roof is new within the last two years. There are no deferred maintenance issues. Proforma:
Price: $575,000 |
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1895 Howe
Ave., Sacramento Sold Size: Approximately 12,790 sq. ft. structure on approx. 1.52 acre parcel. Parking: Huge parking lot behind building. Loction: Located SWC of Howe Ave. and Wyda Way, one block north of Alta Arden Expwy. near Arden Fair Mall. Zoned General Commercial (GC). General Description: This is a free-standing building with a very large parking lot. Presently used as a health club with reception area, large workout room and pool, break room and private office. In addition, there are men's and women's locker rooms, showers and restroom facilities. There is a large room upstairs that is used for aerobics. Price: $2,200,000 (Also for lease at $1.25 per sq. ft. NNN.) Picture Picture Picture Parcel Map Map Map PDF Flyer Demographics Demographics Map |
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1000 W. Olive, Merced, CA Sold Net leased investment in superb location across street from Merced Mall just west of intersection of Olive and R Streets. Approximately 4,900 square foot building on approximately 33,500 square foot parcel. Building sited at corer of parcel with excellent visibility. Good parking. Current lease on building runs to August 2003. Actual CAP of 8.5%. Reuse potential is excellent. Commercial and office uses along Olive. Higher end residential behind. High traffic volume on Olive. $809,500 Map Map Picture Picture |
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1601 Yosemite Blvd., Modesto, CA Sold Net leased investment on Yosemite Blvd. across from Save Mart center. 29,000 vehicles per day on Yosemite. Approximately 10,264 square foot building on approximately 25,770 square foot lot. Pro forma CAP rate of 9.99%. $464,500 Map Map More Info |
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