Commercial Sale for sale in Merced, California, MC19230485

Great pride of ownership is evident in this Rascal Creek Professional Park. 22,500 +/- sq.ft. of Office Condo Units and common area offered for bulk sale. This is a total of 10 units (3327 M St, Suites A & C, 3333, 3335, 3337, 3339, 3343, 3341 and 3345 M Street) Majority of the Tenants are general office use but space of medical use is available. Per the Owner, all units are equipped with ADA compliant bathrooms. 92 parking spaces serve the complex. HVAC units have been serviced on a regular basis; one unit may need to be replaced soon. Current leases are modified gross type lease agreements. Some Tenants have long term lease agreements, approx. 8,000 sq.ft. is leased on a month to month basis. Great upside income potential since the average per square foot price is below market rents.

Primary Features

County: Merced

Price/SqFt: 88.89

Property Sub Type: Office

Property Type: Commercial Sale

Year Built: 1986

Interior

Building Area Units: Square Feet

Condo Area Units: Square Feet

Laundry Features: None

External

Lot Size Source: Assessor

Minimum Total Area Units: Square Feet

Water Source: Public

Location

Country: US

Additional

Additional Parcels: no

Building Status: Existing

Days On Market: 161

Land Use: Office

List Agent State License: 01819755

List Office State License: 01103054

Max Total Area Units: Square Feet

Parcel Number: 236200001000

Financial

Cap Rate: 7.31

Special Listing Conditions: Standard

Zoning Info

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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.

Merced CA home offered at $2,350,000