676 Loughborough Drive,  Merced CA, 95348 (Commercial)

Status: Active
MLS#: MC16139023
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Last Updated: 12/5/2016 2:43 PM
Description for 676 Loughborough Drive Merced, CA 95348
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.
Price
$2,250,000
Merced
MC16139023
Active
Description
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 Information
Property Type: General Commercial, Other
Neighborhood
Room Information
Exterior / Lot Features
None
Driving Directions
From M Street, west on Loughborough Cross Streets: M Street
Financial Considerations
236220008000
Listing Price History

Merced Real Estate

Merced is located in California. Merced, California 95348 has a population of 78,953.

The median household income in Merced, California 95348 is $38,253. The median household income for the surrounding county is $43,565 compared to the national median of $53,046. The median age of people living in Merced 95348 is 28.3 years.

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Courtesy: Century 21 Salvadori Realty Melinda Price
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