2254 Floyd Avenue Modesto, CA 95355

Building Details

Year Built

2001

Listing Agency Sparks Real Estate, Inc. Show Phone

Listed by Bryan D. Sparks · License #01047448 Show Phone

Source Exitrealty

Added: Mar 24 Checked: Jul 16 at 3:21 am

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Investment Insights

Based on property information with market context.

This commercial fitness center building is offered for sale and is currently operated under a 5-year lease. The lease includes three additional 5-year options, providing extended time under contract for an owner who wants continuity of income.

The property is located in a busy North Modesto shopping area. Based on the information provided, it is operating at a 5.7% cap rate.

The offering includes the building and the surrounding property associated with the fitness center operation as described in the remarks.

Key Highlights

• Commercial building built in 2001
• Currently under a 5‑year lease with three additional 5‑year options
• Currently operates at a 5.7% cap rate

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FAQs

What type of property is this?

Fitness center & gym - Commercial fitness center building in a busy shopping area, currently under a 5-year lease with additional 5-year options.

Where is this fitness center & gym located?

The property is located at 2254 Floyd Avenue Modesto, CA.

What is the asking price?

The asking price for this property is $3,250,000.

What are key features of this property?

This property features: Commercial building built in 2001; Currently under a 5‑year lease with three additional 5‑year options; Currently operates at a 5.7% cap rate