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.
MLS #
ME222111519
MLS Source
MetroList Services, Inc.
Buyer's Brokerage Compensation*
3%
# Buildings / # Units
0
Parking Spaces
0
Present Use
Office
Utilities
Other, Water - Public
Flooring
Carpet, Varies by Unit
Cooling
Central Forced Air
Heating
Central Forced Air
Roof
Composition, Shingle
Sewer
Public Sewer
Water
Other, Public
Zoning
P-D
# Buildings | # Leased Units | # Total Units |
---|---|---|
0 | – | – |
121 Downey Ave is a Commercial Sale in Modesto, CA 95354. This 16,230 square foot property sits on a 0.9 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,600,000 and was built in 1981.
This address can also be written as 121 Downey Ave, Modesto, CA 95354.©2024 MetroList Services, Inc. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MetroList Services, Inc.
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This listing information is up-to-date as of May 26, 2023. For the most current information, please contact Jordan Amarant, (209) 345-8209