Sold
121 Downey Avenue
Modesto CA, 95354
$2,600,000
$160.20 per sqft
Sold
16,230 sqft
Commercial
Built in 1981
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.
222111519
MLSⓇ ID
April 25, 2024
Updated
Map
121 Downey Avenue
Modesto CA, 95354
Interior Features
Interior Features
Carpet
Floor Description
Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.9 Acres
Roof
Composition, Shingle
Sewer
Public Sewer
Other Property Details
Area Name
20104
Garage
No
View
No
County
Stanislaus
Water Source
Public
Pool
No
Zoning
P-D
Buyer Agency Compensation
3%
Courtesy of PMZ Commercial Real Estate, Jordan Amarant,
Listing Contact:
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