This exceptional mixed-use property, located at 3600 Sisk Road, Building 2 Condo 2, Modesto, CA 95356, presents a compelling investment opportunity. The 6,975 square foot building, constructed in 1981 and renovated in 1997, boasts a prime location on Highway 99, between Standiford and Pelandale Roads, surrounded by major retail establishments including Costco, Target, Lowe's, and more. Currently housing three tenants, the property offers a strong cash flow with a Net Operating Income (NOI) of $81,683, representing a 5.01% cap rate. A pro-forma NOI of $114,068 projects a 7.00% cap rate, highlighting significant value-add potential. The asking price is $1,630,000, translating to $233.69 per square foot. The property features a single-story building with multiple uses including grocery store, storefront, and traditional office space, operating under a triple net (NNN) lease agreement. The property's location within a thriving commercial corridor, coupled with its strong tenant occupancy (81.5% leased) and potential for owner-occupancy, makes it an attractive investment for both seasoned investors and owner-users seeking to reduce overhead costs. The property's APN is 076-079-003-000, 076-079-004-000.
Highlights
6,975 SF mixed-use building on a prime Modesto retail corridor (Sisk Rd & Hwy 99).
81.5% leased, with three tenants generating $81,683 NOI (5.01% cap rate); pro-forma NOI of $114,068 projects a 7% cap rate.
Excellent location between major retail centers (Target, Best Buy, Vintage Faire Mall).
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Contacts
Chris Santana
Xavier Santana
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3600 Sisk Rd, Modesto, California, 95356
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3600 Sisk Rd
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