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2125 Wylie Dr 12,302 SF 90% Leased Office Building Modesto, CA 95355 $2,784,860 CAD ($226.37 CAD/SF) 6.61% Cap Rate
INVESTMENT HIGHLIGHTS
- 1-Story Buildings
- East Modesto; between Scenic Dr and Briggsmore Ave
- Access through Wiley Dr or Oakdale Rd
- 64 Parking Spaces (5.2/1,000sf)
- 1.1 Acres (48,167sf); Lots of Space
- Lots of Traffic on Oakdale Rd
EXECUTIVE SUMMARY
This well-maintained, multi-tenant office complex consists of two attractive single-story buildings on a 1.1-acre parcel, ideally located in very desirable east Modesto. The property offers easy access from Wylie Dr and Oakdale Rd and is adjacent to well-known businesses like the 5 Minute Car Wash and Chevron gas station.
All units are currently leased except for two, making this a rare opportunity to invest in a property with solid income potential, great location, and a generous parking area—ideal for generational family ownership.
Located between Scenic Dr and Orangeburg Ave, the area features a strong blend of residential neighborhoods and nearby commercial/shopping. Just 2.4 miles to downtown Modesto and 3 miles to Freeway 99.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$265,713
|
$21.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$33,502
|
$2.72
|
| Effective Gross Income |
$232,211
|
$18.88
|
| Taxes |
$17,651
|
$1.43
|
| Operating Expenses |
$30,347
|
$2.47
|
| Total Expenses |
$47,999
|
$3.90
|
| Net Operating Income |
$184,213
|
$14.97
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $265,713 |
| Annual Per SF | $21.60 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $33,502 |
| Annual Per SF | $2.72 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $232,211 |
| Annual Per SF | $18.88 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,651 |
| Annual Per SF | $1.43 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,347 |
| Annual Per SF | $2.47 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $47,999 |
| Annual Per SF | $3.90 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $184,213 |
| Annual Per SF | $14.97 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- 1 Stop Dj Shop
- Arts, Entertainment, and Recreation
- -
- -
- -
- -
- 209 Beauty Studio
- Services
- -
- -
- -
- -
- American Choice Plumbing
- Services
- -
- -
- -
- -
- Aphrodite's Lounge
- Health Care and Social Assistance
- -
- -
- -
- -
- Counseling & Psychotherapy Cener
- Health Care and Social Assistance
- -
- -
- -
- -
- Kelley Ventures
- Management of Companies and Enterprises
- -
- -
- -
- -
- Martin Financial Services
- Services
- -
- -
- Modified Gross
- Dec 2015
-
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
Ontel Security Services, Inc. has been in business since 2006 and is the “One Team, One Phone Call, One Solution” for your security needs. Ontel does more than “observe and report,” we “deter and intervene.” We pride ourselves on actively deterring crime while delivering excellent customer service at a competitive price. Our services include standing, patrol, alarm verification, and The Virtual Guard system. We believe in maintaining long-term, mutually beneficial relationships with our customers. Many of our clients have been with us for several years. We earn out clients’ business every day and we look forward to earning yours. We protect a wide range of businesses and community service locations. This is just a sample of the diverse industries in which Ontel provides security: •School Districts •City Parks and Recreation •Police and Sheriff Agencies •Alarm Companies •Property Management Companies • Apartment Complexes •Home Owner’s Associations •Agriculture Industry •Construction S
- Sierra Education & Counseling Services
- Public Administration
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| 1 Stop Dj Shop | Arts, Entertainment, and Recreation | - | - | - | - | |
| 209 Beauty Studio | Services | - | - | - | - | |
| American Choice Plumbing | Services | - | - | - | - | |
| Aphrodite's Lounge | Health Care and Social Assistance | - | - | - | - | |
| Counseling & Psychotherapy Cener | Health Care and Social Assistance | - | - | - | - | |
| Kelley Ventures | Management of Companies and Enterprises | - | - | - | - | |
| Martin Financial Services | Services | - | - | Modified Gross | Dec 2015 | |
|
|
Professional, Scientific, and Technical Services | - | - | - | - | |
| Sierra Education & Counseling Services | Public Administration | - | - | - | - |
PROPERTY TAXES
| Parcel Number | 032-15-31 | Total Assessment | $1,450,941 CAD |
| Land Assessment | $625,431 CAD | Annual Taxes | $17,651 CAD ($1.43 CAD/SF) |
| Improvements Assessment | $825,510 CAD | Tax Year | 2025 |
PROPERTY TAXES
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2125 Wylie Dr
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