1302 9th ST, Modesto, CA 95354
1302 9th ST, Modesto, CA 95354
1302 9th ST, Modesto, CA 95354
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$1,787,000
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0.32 Acres Lot
Price Dropped by $63K

1302 9th ST Modesto, CA 95354

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C Ray Brower

C Ray Brower

+1(209) 418-0238

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226048985

HOA Y/N No

Year Built 1920

Lot Size 0.321 Acres

Acres 0.3214

Property Sub-Type Retail

Source MLS Metrolist

Property Description

Excellent Sale Leaseback Investment! Nearly Zero Landlord Maintenance! 7% Cap Rate! Subject property is occupied by Fresh Ideas Flower Company, the region's largest wholesale and retail flower bouquet company. In business since 1998, the tenant generates annual sales over $8M, wholesales flowers to grocery stores throughout the region, and operates a retail flower shop and delivery services. Fresh Ideas maintains a weekly delivery footprint stretching from Redding to Reno and Sacramento to Bakersfield a well-established, financially strong operator providing a secure, long-term income stream. Under the lease, the Tenant is responsible for all property maintenance, including roof and HVAC, minimizing landlord obligations and making this a truly passive, low-management investment. The property is offered with a new a five year lease at $13,000 per month starting rent and 3% annual increases, providing an investor with immediate, stable income from day one. Property features a 12,000 SF commercial building, on a 13,939 SF corner lot and offers a rare combination of office, retail, refrigerated cold storage, and open warehouse space under one roof. This property presents a versatile asset with broad appeal across food distribution, cold storage, light industrial, and service industry users. Interior highlights include a 5,000 SF open warehouse (50'100'), a 1,500 SF 40 chiller room, a walk-in refrigerator, large office and retail areas, a remodeled restroom, and a breakroom with kitchenette. Please see brochure for more information. Property could be sold to an owner-user if preferred.

Location

State CA

County Stanislaus

Area 20108

Direction 9th St to address

Location Details Downtown,Freeway Nearby

Interior

Heating See Remarks

Cooling See Remarks

Flooring Carpet

Exterior

Parking Features See Remarks

Utilities Available Varies by Unit

Water Access Desc See Remarks

Roof Type See Remarks

Building

Sewer Public Sewer

Water See Remarks

Others

Senior Community No

Tax ID 105-045-011-000

Special Listing Condition None

MetroList® Services, Inc
Listed by PMZ Commercial Real Estate

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I’ve had the pleasure of knowing C Ray now for years in both professional and personal relationships. C Ray has always exhibited a positive, professional outlook in all of our interactions, in a variety of situations. His ability to listen to our needs and wants, compare that with opportunities available on the market and show us appropriate properties, in our price range that met our vision. We are extremely excited about the home we chose and even though there were some challenges, both personal and professional in each of our lives, he stayed engaged with all parties and we closed the deal on time. You won’t go wrong if you partner with C Ray in the pursuit of finding your new home. His life experience and desire to fulfill your needs are always his first priority

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C Ray Brower

C Ray Brower

Broker Associate | License ID: 01969248

+1(209) 418-0238

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1302 9th ST