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Key Details
Sold Price $2,000,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MC19230485
Sold Date 05/14/21
HOA Y/N No
Year Built 1986
Lot Size 2.000 Acres
Acres 2.0
Property Description
Great pride of ownership is evident in this Rascal Creek Professional Park. 22,500 +/- sq.ft. of Office Condo Units and common area offered for bulk sale. This is a total of 10 units (3327 M St, Suites A & C, 3333, 3335, 3337, 3339, 3343, 3341 and 3345 M Street) Majority of the Tenants are general office use but space of medical use is available. Per the Owner, all units are equipped with ADA compliant bathrooms. 92 parking spaces serve the complex. HVAC units have been serviced on a regular basis; one unit may need to be replaced soon. Current leases are modified gross type lease agreements. Some Tenants have long term lease agreements, approx. 8,000 sq.ft. is leased on a month to month basis. Great upside income potential since the average per square foot price is below market rents.
Location
State CA
County Merced
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Building
Lot Description Lot Over 40000 Sqft
Water Public
Others
Tax ID 236200001000
Financing Conventional
Special Listing Condition Standard
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Bought with Daniel Del Real • BHHS Drysdale Properties, Merced
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960