SOLD —- -Re-Invent Retail -11.5 Acre HI VACANCY SHOPPING CENTER

Modesto, CA

For sale
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Ground Up Development
Healthcare
High Vacancy
Mixed Use
Multifamily
Redevelopment play
Specialty
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PROPERTY INFO


Cap Rate NOI Size
5 680,000 12 AC

DESCRIPTION


As -Is. Wood Colony Retail Center

RE-Purpose- Offering Memorandum

Currently a large high vacancy shopping center (with income) positioned right off  Golden State HWY 99. Easy off/on gateway site to Modesto and the Kaiser Campus across the street.  Costco and Costco Gas Station directly across street. Only highway adjacent site like this and poised for a new look and energy.

Building Net Rentable ( 2 Buildings).

Building 1)134,326 SF.

Building 2) 4911 SF.

Vacancy -95,175 SF

Actual NOI-$620,024.    Expenses $444,790

Land Size 11.44 acres   Building Totals 139,237 SF

Freeway close. commuter friendly

MODESTO DILIGENCE LINK

LOCATION

KIERNAN SPECIFIC PLAN- KAISER

Across street from Kaiser Mega Campus with several specialty hospitals

CLICK -Map of hospitals & nursing schools  immediate vicinity of catalyst site

.   

PROPOSED HIGHEST AND BEST USES

Student housing for traveling nurses in dire need. Ck AirBNB $1000-$2000 monthly for a room

Market rate housing for all new hospital staff including doctors.

 

Modesto, CAEconomic Outreach & Zoning Support

INFO REQUEST FORM