1302-1310 9th St

Now offered at $1,575,000 after a $115,000 price reduction. At $131.25 per square foot with Net Operating Income of $126,000, the new price delivers an 8% cap rate with stable, in-place income from day one.

Tenant strength anchors this investment: 1302-1310 9th St, Modesto is occupied by Fresh Ideas Flower Co., founded in 1998 and the region's largest wholesale and retail flower bouquet company.

The seller sale-leaseback features a new ten-year triple-net (NNN) lease at $10,500 per month starting rent with 3% annual increases and two 5-year options. Tenant is responsible for all property maintenance, including roof and HVAC.

The building is a 12,000± sf commercial property on a high-visibility 13,939± sf corner lot in downtown Modesto, combining office, retail, refrigerated cold storage, and open warehouse space under one roof. Interior features include a 5,000± sf open warehouse (50'×100'), a 1,500± sf 40° chiller room, and a walk-in refrigerator. Zoned CM. Property could also be sold to an owner-user if preferred. Call listing agents for more details and to arrange a showing.