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121 Downey Avenue

Modesto, CA 95354
  • $2,800,000
  • STATUS: Active
  • ON SITE: 165 Days
  • MLS #: 222111519
UPDATED: 72 min ago
$2,800,000
  • 0
    BEDS
  • 0.9
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 16,230
    SQFT
  • $173
    $/SQFT
Type:
Commercial
Built:
1981
County:

School Ratings & Info

Description

This property is an ideal commercial real estate investment, occupied on a long term lease by an exceptionally strong internet resistant tenant. Telecare Corporation is a mental health services company founded in 1965 and has grown to its current operations of 151 programs in 5 states, serving over 26,000 individuals and over 4,000 employees. They are an ideal tenant for an office investment, as the services provided are resistant to recessions and internet based business changes. Lease is corporate guaranteed and tenant recently exercised a 5 year lease extension. Current ownership has invested significant capital into property renovations.121 Downey Ave is an excellent opportunity for an investor to benefit from a stable tenant, a well maintained asset with minimal maintenance requirements, and annual rent increases to hedge against inflation and grow returns.

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Metrolist MLS logo © 2023 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2023-02-03T23:39:30.52. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.findmyhomeroseville.com/homes/132367179
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121 Downey Avenue Modesto, CA 95354

  • Price: $2,800,000
  • Status: Active
  • On Site: 165 Days
  • Updated: 72 min ago
  • MLS #: 222111519
0
Beds
0
Baths
0
½ Baths
0.9
Acres
16,230
SQFT
$173
$/SQFT
1981
Built
Neighborhood:
Modesto So of Briggsmore E/McHen
County:
Stanislaus
Area:
Modesto So of Briggsmore E/McHen
Property Description
This property is an ideal commercial real estate investment, occupied on a long term lease by an exceptionally strong internet resistant tenant. Telecare Corporation is a mental health services company founded in 1965 and has grown to its current operations of 151 programs in 5 states, serving over 26,000 individuals and over 4,000 employees. They are an ideal tenant for an office investment, as the services provided are resistant to recessions and internet based business changes. Lease is corporate guaranteed and tenant recently exercised a 5 year lease extension. Current ownership has invested significant capital into property renovations.121 Downey Ave is an excellent opportunity for an investor to benefit from a stable tenant, a well maintained asset with minimal maintenance requirements, and annual rent increases to hedge against inflation and grow returns.
Exterior Features

Construction Materials Wood Dock Doors 0 Loading Other Num Of Floors 0 Parking Features Uncovered Roof CompositionShingle Total Parking Spaces 0.00

Interior Features

Cooling Central Flooring CarpetVaries By Unit Heating Central Num Of Elevators 0 Num Of Restrooms 0 Office Sq Ft 0 Retail Sq Ft 0 Warehouse Sq Ft 0

Property Features

Building Features Restroom(S)-PrivateVaries By Unit Business Type Medical Electric 3 Phase Income Includes Rent Lease Deposit 0 Location Freeway NearbySee Remarks Num Of Offices 0 Num Of Tenants 0 Property Subtype Office Property Type Commercial Sale Sewer Public Sewer Special Listing Conditions None Tenant Pays Varies By Unit Utilities Varies By Unit Water Source Public Year Renovated 0 Zoning P-D

Metrolist MLS logo Listing provided courtesy of Pmz Commercial Real Estate: . Listing information © 2023 MetroList Services, Inc.


Metrolist MLS logo © 2023 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2023-02-03T23:39:30.52. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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