1800 Standiford Ave | Modesto, CA 95350
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1800 Standiford Ave
Modesto, CA 95350
Savemart Office Portfolio · Property For Sale · 85,056 SF Total
Executive Summary
Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in the Save Mart and FoodMax Corporate Headquarters Portfolio (the “Properties” or “Portfolio”), a two asset portfolio totaling 79,524 sq. ft. in Modesto, California. Comprised of the Save Mart Corporate Headquarters and the Food Maxx Division Headquarters, the Portfolio is mission critical to the company’s operations, overseeing 200+ store locations in California and Nevada that generate $5.1 Billion in revenue per year. Located at 1800 Standiford Avenue in North Modesto, the Save Mart Corporate Headquarters is conveniently situated within a 4-minute drive of Highway 99, offering convenient access to workforce and executive housing, and a 10-minute walk to two retail centers, providing a variety of lunch options, including In-n-Out, Panera, Papavlo’s Mediterranean Bistro, Thai House and Javi’s Mexican Restaurant. Located at 1600 Yosemite Boulevard between Downtown Modesto and Modesto City Airport, the FoodMaxx Headquarters sits within a 5 minute drive of Highway 99 and a 3-minute drive of Downtown Modesto, offering convenient access to the region as well as a diverse local amenity base, including Delicioso Bistro, Bottoms Up Espresso, Taco Bell, and Huckleberry’s Breakfast & Lunch. The Save Mart and FoodMax Corporate Headquarters Portfolio provides an investor with an opportunity to acquire two mission-critical headquarters leased for 13 years on an absolute NNN basis with a corporate guaranty by a major retailer with over $5.1 billion in annual revenue.
PROPERTY FACTS
Sale Conditions | Portfolio Sale | Number of Properties | 2 |
Net Initial Yield | 7% | Individually For Sale | 0 |
Sale Type | Investment | Total Building Size | 85,056 SF |
Status | Active | Total Land Area | 7.00 AC |
Sale Conditions | Portfolio Sale |
Net Initial Yield | 7% |
Sale Type | Investment |
Status | Active |
Number of Properties | 2 |
Individually For Sale | 0 |
Total Building Size | 85,056 SF |
Total Land Area | 7.00 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
1800 Standiford Ave, Modesto, CA 95350 | Office | 33,434 SF | 1987 | - |
1600 Yosemite Blvd, Modesto, CA 95354 | Industrial | 51,622 SF | 1964 | - |
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