700 Loughborough Dr., Merced, CA 95348

FOR SALE
  • $2,250,000
  • 89 Days on site
  • Beds: n/a
  • Baths: n/a
  • Commercial Building

Description

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.

  • MLS ID# MC17086117
  • Year Built: n/a
  • 89 Days on site
  • Commercial Building
  • Beds: n/a
  • Baths: n/a

Listing Details

Parking
Parking Space (45)

Local Info

Population
27,298
Median Household Income
$42,883
Median Years In Residence
7
Median Homeowner Age
30
Households with Children
56.27%
Percent of Homes Rented
50.24%

Nearby Elementary Schools

3312 G St
300 W 26th St
609 E Alexander Ave

Nearby Middle Schools

945 Buena Vista Dr
3312 G St
601 Mercy Ave

Nearby High Schools

500 Buena Vista Dr
205 W Olive Ave
808 W 16th St

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Property Contact Info

Listing Provided By: Century 21 Salvadori Realty
(209) 383-6475
Listing Agent: Jerry Price

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