425 E Center St - Office/Residential FOR SALE


Manteca, CA 95336
$520,375 USD
415-625-2117
425 E Center St, Manteca, CA for Sale
$520,375 USD
Office/Residential - FOR SALE
1/20
null | 7.96% Cap Rate

425 E Center St
Manteca, CA 95336


OVERVIEW

This well-located office complex in Central Manteca consists of two free-standing office buildings, each on a separate parcel, with a large third parcel to the rear used as parking. The subject property is perfect for an owner user, or investor looking for a renovation and add value project and will offer superior cash flow and return upon completion of renovation. The complex is being sold “as is” with all three parcels together, 421, 423, and 425 East Center, Manteca, CA. The property has been held by the same ownership for several decades allowing tremendous upside for the proactive buyer or owner/user. The construction of both office buildings consists of wood frame construction, with low maintenance stucco and wood siding, and pitched tile roofs. 421 East Center, Manteca, CA is a free-standing office building, with crawl space, on a 6,023 square foot parcel (per public records), that has been unused for several years, and suffered from an interior water leak over 2-years ago which necessitates that a new buyer renovate the property down to the studs and fully remodel the building. The building was previously used as a medical office building prior to the owner’s retirement. 423 East Center, Manteca, CA consists of a 5,085 square foot parcel (per public records) to the rear of the front two parcels, and is used exclusively for parking. 425 East Center, Manteca, CA is currently configured with four different office suites (with suite #3 currently vacant), a concrete slab foundation, on a 5,506 square foot parcel (per public records), with individual gas and electric meters for each tenant and one water meter paid for by landlord. The subject property is being offered significantly below replacement cost at an attractive $115 per square foot which offers a unique opportunity for a new buyer to enter the market with office ownership at a rarely available price point.

FOR SALE DETAILS

PRICE

$520,375 USD

PRICE/SF

$115 USD /SF

CAP RATE

7.96%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

421-425 East Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

-

APN/PARCEL ID

223-094-15

ASK ABOUT THIS PROPERTY

Jon HolmquistJon HolmquistMore Info
415-625-2117

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Jon HolmquistJon HolmquistMore Info
415-625-2117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.