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MLS LogoCourtesy of PMZ Commercial Real Estate.

$3,250,000

121 Downey Avenue

Modesto , CA 95354

  • 16,230

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Marcus Haney

Marcus Haney

Connecting Sellers and Buyers of Premier Properties

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.

Property Details & Features

Property Type

  • Office

Listing

  • Source: Metrolist

House

  • Space 1 is $0 square feet
  • Space 2 is $0 square feet
  • Space 3 is $0 square feet
  • Space 4 is $0 square feet
  • 1 total unit
  • Wood
  • Other

Heating

  • Central

Interior Features

  • Carpet
  • Varies by Unit

Location

  • Stanislaus
  • 20104
  • Freeway Nearby
  • See Remarks

Miscellaneous

  • Restroom(s)-Private
  • Varies by Unit

Property

  • P-D

Roof

  • Composition
  • Shingle

This data up-to-date as of October 1, 2022 5:22PM.

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