1541 Florida Ave Modesto, CA 95350-4429

Property Details for 1541 Florida Ave

Year built

1991

Construction

STEEL FRAME

Lot size

1.95 lot acres

Property size

62,280 SF

Property type

Medical offices

Property subtype

Medical centers

APN

119-009-031-000

APU

119009031000

Description

This exceptional medical office building in Stanislaus County offers a unique investment opportunity. The 54,810 square foot property sits on 1.95 acres and is ideally located on the Doctors Medical Center campus, the only medical office building on this landlocked campus. Currently, the building boasts a diverse tenancy with multiple synergistic tenants, achieving 100% occupancy. Two spaces are immediately available, ranging from 1,937 to 4,325 square feet, providing flexibility for various medical practices. The building benefits from a strong anchor tenant, a leading physician group affiliated with Tenet HealthCare, secured by a lease with over 12.5 years remaining. Significant recent capital improvements exceeding $823,000 have been completed, ensuring the property's modern appeal and functionality. The minimum divisible space is 1,937 square feet, making it suitable for a range of medical professionals. This presents a rare chance to acquire a well-maintained, high-performing medical office building in a desirable location with a stable tenant base and long-term lease potential. The property's strategic location and strong occupancy make it an attractive investment for discerning buyers seeking a stable and growing asset in the healthcare sector. The current vacancy is 4,325 square feet.

Location Insight

City

Modesto

County

Stanislaus

State

California

Longitude

-120.997

Latitude

37.6669

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments