Listing IDML81888305
Price$7,800,000$300K
Price/SqFt$325.00
StatusActive
SqFt
24,000
CountySan Joaquin
Year Built2005
Property TypeCommercial Sale
Great Investor or 1031 exchange opportunity in San Joaquin Valley. Thriving & rapdily expanding City of Lathrop is the place to be. This 100% Net Leased Investment offers a Class A 24,000 sq ft Commercial/Office Building on a 1.51 acres. Zoned CS-MV (Service Commercial) the multi-tenant property features 7 Suites (w/ 4 Tenants), high-end interior finishes, 3-separate lobbies, 2-common restrooms, high ceilings, central heating & AC, security alarm system & concrete tilt-up construction (built in 2005). Located just off Hwy-5 near Towne Centre Dr. in central Lathrop, this convenient location is close to City Hall, Tesla Motors, Home Depot, Costco, Target, City of Manteca & 205/580 interchange. Premises offer 116 parking spaces, fire sprinklers, plug & play/nternet ready offices. Property is clean, well maintained & a functional office building w/excellent street visiibility, at a signalized intersection w/visibility from the freeway. Refer to photos/virtual tour, site plan & financials
County
San Joaquin
Price Before Reduction
8100000
Price Reduction Date
2024-01-01T01:58:59+00:00
Price/SqFt
325
Property Type
Commercial Sale
Year Built
2005
Zoning
CS-MV/Service Commercial
Cooling Type
Central Air
Cooling
yes
Heating
yes
Office Square Footage
23365
Stories Total
1
Lot Size Source
Assessor
Number Of Buildings
1
Parking Total
116
Roof
Other
Water Source
Public
MLS Area Major
699 - Not Defined
Co List Agent State License
00358728
Co List Office State License
00358728
Days On Market
686
List Agent State License
01449407
List Office State License
00358728
Parcel Number
19119057
Security Features
Fire Sprinkler System
Year Built Source
Other
Gross Scheduled Income
553699
Maintenance Expense
8400
Other Expense
35183
Professional Management Expense
19379
Tax Annual Amount
45726
Total Expenses
179825
Trash Expense
9206
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Telford Real Estate Inc or one of their associates. Last updated Thursday, March 28th, 2024.
Based on information from CARETS as of Thursday, March 28th, 2024 01:20:37 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Thursday, March 28th, 2024 01:20:37 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Contact - Listing ID ML81888305
Nancy Telford
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