3345 M Street

    Merced, CA 95348
    • $2,545,000
    • STATUS: Active
    • ON SITE: 346 days
    • ID#: MC17250434
    UPDATED: 19 min ago
    $2,545,000
    • 0
      BEDS
    • 2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,500
      SQFT
    • $113
      $/SQFT
    Type:
    Commercial
    Built:
    1986
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-16T11:26:42.16. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.dscvrproperties.com/homes/78493347

    3345 M Street Merced, CA 95348

    • Price: $2,545,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: MC17250434
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2
    Acres
    22,500
    SQFT
    $113
    $/SQFT
    1986
    Built
    County:
    Merced
    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.
    Exterior Features

    Lot Features Lot Over 40000 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Total 92.00

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels Description 236-200-002236-200-003236-200-004236-200-005236-200-006236-200-007236-200-008236-200-009236-200-010 Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 7.31 Country Us Land Use Office Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Office Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Dan Gallagher of Cb Commercial, Gonella Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-16T11:26:42.16. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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