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676 700 loughborough Drive, Merced, California

$2,250,000Active

Property Details

676 700 loughborough Drive, Merced, California 95348 - 2 SEPERATE BUILDINGS. 676 LOUGHBOROUGH DRV (APN# 236220009 APPROX 6000 SQ FT, LOT 24,400 SQ FT) AND 700 LOUGHBOROUGH DRV (APN#236220008 APPROX 8100 SQ FT, LOT 28,200 SQ FT). NEW LEASE RECENTLY EXECUTED FOR 676 WITH THE COUNTY OF MERCED. LEASE EXPIRES APPROX MARCH 2018. 2 TENANTS OCCUPY 700 LOUGHBOROUGH WITH APPROX 6500 OF THE 8100 SQ FT ARE UNDER LEASE AGREEMENT. APPROX 3500 SQ FT IS MONTH TO MONTH WITH A LONG TERM TENANT. LEASE TO EXPIRE NOVEMBER 30,2017 ON APPROX 3000 ADDITIONAL SQ FT, AGAIN WITH A LONG TERM TENANT. BOTH BUILDINGS ARE VERY WELL MAINTAINED. APPROX 45 ASSIGNED PKNG SPACES TOTAL. NEWER ROOFS CENTRAL HEAT & AIR ARE APPROX 2-3 YRS OLD.BOTH BUILDINGS ARE ADA COMPLIANT.TENANTS IN BOTH BUILDINGS ARE OPEN TO NEGOTIATING NEW LEASE AGREEMENTS, HOWEVER, BOTH BUILDINGS COULD BE SOLD FOR OWNER OCCUPANCY. BOTH BUILDINGS HAVE EXECUTIVE OFFICE SPACE AND KITCHEN FACILITIES. BOTH BUILDINGS HAVE NUMEROUS CLERICAL OFFICES/CONFERANCE ROOMS ALONG WITH RECEPTION AREAS. SELLER WILL CONSIDER DIVIDING THE BUILDINGS FOR A SEPERATE PURCHASE. CURRENT LEASE RATES ON AVERAGE ARE APPROX $110.00 PER SQ FT.

Amenities

  • Zip95348
  • CountyMerced
  • StatusActive
  • Purchase TypeActive
  • Property typeCommercial
  • PoolNo
  • HeatingCentral Furnace
  • Parking45.00
  • Office IDMC72M
  • MLS® IDMC17086117

Broker: Jerry Price~Century 21 Salvadori Realty

Listing Courtesy of Jerry Price~Century 21 Salvadori Realty

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“Over the years, James has helped me with 1 sale and 2 purchases. His knowledge, experience, and professionalism is second to none! I could not imagine working with another realtor.”

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