676 Loughborough Drive, Merced, CA 95348

$2,250,000 Approx. USD 0 beds, 0 baths
14,100 sqft

Agent Remarks

Two separate buildings, 676 Loughborough and 700 Loughborough. 676 Loughborough is approximately 6,000 SF, APN 236-220-009 (lot is approximately 24,400 SF). 700 Loughborough is approximately 8,100 SF, APN 236-220-008 (lot is approximately 28,200 SF). New lease recently executed for 676 Loughborough with the County of Merced. Lease expires approximately March 2018. Two tenants in 700 Loughborough: approximately 6500 of the 8100 SF under lease contract. (Lease on approximately 3500 SF is month to month but is a long term tenant, Lease on approximately 3000 expires November 30, 2017 and is a long term tenant) The buildings are very well maintained inside and out. Approximately 45 assigned parking places total. Newer roofs, central heat and air units only a couple of years old. Both buildings are ADA compliant. Tenants in both buildings may wish to negotiate new lease agreements with new owners but the buildings could be sold for owner occupancy. Both buildings have executive office spaces and kitchen space. Both buildings have numerous clerical offices and or conference rooms as well as reception areas. Seller will consider selling the buildings separately. Will also consider new long term leases. Lease rates are currently an average of $1.10 per SF for the long term tenants.

Listing Details

Property type: (Commercial)
Status: Active
MLS# MC16139023
List price is $2,250,000
Beds: 0
Baths: 0
14,100 sqft
1.23 acres
Lot size: 1.000
County: Merced
Heating description: Central Furnace

Last Updated: 12/27/2016

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Lat/Long: 37.322311, -120.479454.
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Broker: Courtesy of Century 21 Salvadori Realty
Listing Agent: Melinda Price
Co Listing Agent: Jerry Price

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