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1124 12th Street, Modesto, CA 95354
$4,200,000 Sale Pending
1124 12th Street, Modesto, CA 95354View this property at 1124 12th Street, Modesto, CA 95354
1124 12th StreetModestoCA95354
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Property Description
This is a downtown single-tenant investment opportunity that's leased to Stanislaus County's Behavioral Health and Recovery Services. This is a brand new, government-backed 10-year lease. The opportunity offers secure, stable return in a prime Downtown Modesto location. This property spans across 1.04 acres of land and offers a rentable area of 25,890 SF, making it an attractive option for tenants looking for ample space for business operations and parking. Additionally, the property underwent renovations in 2022, which means that it is equipped with modern amenities and state-of-the-art facilities. **The Price Reduction reflects a Current Cap Rate of 8.01%%**
Full Property Details
Full Property Details for 1124 12th St
General
- Price: $4,200,000
- Status: Pending
- Type: Office
- MLS ID: 223042884
- Updated: 5/5/2024
- Added to Site: 362 day(s) ago
Business
- Business Type: Commercial, Other
Rental Information
- Lease Terms: 6-10 Years
Interior
- Flooring: Vinyl
Additional Information
- Other Features: Meeting Facilities, Other Restroom Facilities, Dumpster, Landscaping
Parking
- Parking: Exclusive
Location
- County: Stanislaus
- Cross Streets: K St
- Driving Directions: West on Needham St, Left on L St, Left on 12th St
- Location Details: Downtown
Heating & Cooling
- Cooling Type: Central
- Heating Type: Central
Structural Information
- Construction: Frame, Stucco
- Roof: Flat, Tile
- Stories Description: 2
Unit Information
Unit 1
- Square Feet: 25890
Lot Features
- Zoning: UGD
Financial Considerations
- Terms: Submit
- Tenant Pays: Sewer, Electricity, Gas, Trash Collection, Water, Janitorial Services
- Tenant Expense: Sewer, Electricity, Gas, Trash Collection, Water, Janitorial Services
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: None
Listed by Cosol Commercial Real Estate
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Schools
Schools serving 1124 12th St
School Districts:Modesto City Elementary School District, Modesto City High School District
Rating | Name | Grades | Distance |
---|---|---|---|
515 Coldwell Ave, Modesto, CA 95354 | K-6 | 0.7 mi | |
1330 College Ave, Modesto, CA 95350 | 7-8 | 1.4 mi | |
1200 W Rumble Rd, Modesto, CA 95350 | 9-12 | 2.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1124 12th St
Date
Details
Price
Change
Source
4/25/2024
Price Reduced
$4,200,000
-6.67%
MLS
4/03/2024
Price Reduced
$4,500,000
-3.23%
MLS
1/11/2024
Price Reduced
$4,650,000
-5.78%
MLS
11/14/2023
Price Reduced
$4,935,000
-3.24%
MLS
9/28/2023
Price Reduced
$5,100,000
-2.86%
MLS
6/06/2023
Price Reduced
$5,250,000
-3.4%
MLS
5/15/2023
Listed
$5,435,000
147.05%
MLS
6/28/2022
Sold
$2,200,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1124 12th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$19,535
-35%
$1,290,300
-42%
2022
$29,826
6%
$2,219,390
2%
2021
$28,107
-1%
$2,175,873
1%
2020
$28,489
2%
$2,153,563
2%
2019
$27,846
4%
$2,111,337
2%
2018
$26,707
2%
$2,069,939
2%
2017
$26,169
2%
$2,029,353
2%
2016
$25,747
21%
$1,989,563
2%
2015
$21,307
2%
$1,959,679
2%
2014
$20,977
—
$1,912,611
—
2013
$20,897
—
$1,912,611
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1124 12th St
1124 12th Street, Modesto, CA 95354 (MLS# 223042884) is a Office property. 1124 12th Street is currently listed for $4,200,000 and was received on May 15, 2023. Want to learn more about 1124 12th Street? Do you have questions about finding other Office real estate for sale in Modesto? You can browse all Modesto real estate or contact a Coldwell Banker agent to request more information.