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Coffee Plaza Medical and Professional Offices 2020 Coffee Rd 53,000 SF 100% Leased Office Building Modesto, CA 95355 $6,813,842 CAD ($128.56 CAD/SF) 7% Cap Rate
Executive Summary
Prime Commercial, Inc. is pleased to offer the Coffee Plaza Medical and Professional Offices for sale in Modesto, California. The property has an excellent location at the northeast corner of Celeste Drive and Coffee Road just two blocks north of Sutter Health Memorial Hospital, the region’s main medical and trauma center. The improvements were originally built as a garden-style, medical office complex and consists of 13 separate buildings with various size suites acceptable for both medical and general office needs. The site is rather large and is approximately 4.08 acres with an abundance of open surface parking stalls. Coffee Plaza Medical and Professional Offices represents a
value-add opportunity for a prudent investor to increase cash flow and property value through building upgrades and lease negotiations.
value-add opportunity for a prudent investor to increase cash flow and property value through building upgrades and lease negotiations.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
53,000 SF
Building Class
B
Year Built
1972
Price
$6,813,842 CAD
Price Per SF
$128.56 CAD
Cap Rate
7%
NOI
$476,969 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
53,000 SF
Building FAR
0.30
Lot Size
4.08 AC
Zoning
P-D - Planned Development
Parking
175 Spaces (3.3 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 066-15-02 | Improvements Assessment | $3,732,554 CAD |
| Land Assessment | $2,932,715 CAD | Total Assessment | $6,665,269 CAD |
Property Taxes
Parcel Number
066-15-02
Land Assessment
$2,932,715 CAD
Improvements Assessment
$3,732,554 CAD
Total Assessment
$6,665,269 CAD
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Coffee Plaza Medical and Professional Offices | 2020 Coffee Rd
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