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$1,787,000
Est. payment /mo
0.32 Acres Lot
UPDATED:
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
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Listed by PMZ Commercial Real Estate
Nearby School & Business
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Lance McHan
Broker Associate | License ID: 01987449
Broker Associate License ID: 01987449