17395 Manthey Rd

eXp Commercial is pleased to present 17395 Manthey Road a stabilized net leased office investment opportunity with exceptional visibility and frontage directly off Interstate 5 in Lathrop, California. The property benefits from strong freeway exposure, providing tenants with prominent branding and efficient regional accessibility within one of Northern California’s most supply constrained and consistently performing office markets.

Constructed in 2009, the property totals 24,104 square feet and is situated on a 2.11 acre parcel. The building is comprised of six suites and is currently operating at near 100% occupancy, delivering immediate and predictable cash flow. The tenant roster is diversified and primarily structured under net lease arrangements, resulting in limited landlord responsibilities and reduced management intensity.

Lathrop continues to benefit from sustained employment growth, industrial expansion, and population inflows tied to its strategic position along the Interstate 5 corridor. As demand for professional and service oriented office space continues to strengthen, well located assets with freeway exposure remain highly sought after.

The Property is primarily leased under net lease arrangements, with tenants reimbursing their proportionate share of operating expenses, providing predictable income and minimizing landlord obligations. The executive office suites are operated on a full service basis and remain well leased, contributing to income diversification and overall stability.

The tenant mix consists of professional and service oriented office users with contractual rent increases and defined renewal options. The executive office component is currently 20 of 23 suites occupied, supporting near full building occupancy and consistent cash flow. Ownership has completed meaningful capital improvements in recent years, enhancing the overall condition of the asset and supporting long term tenancy.

• Purchase Price: $9,500,000
• In Place Cap Rate: 5.82%
• Net Operating Income: $552,736.56
• Price Per Square Foot: $394.13 (Well below current replacement cost)
• Stabilized net leased office investment with near 100% occupancy
• Exceptional visibility and frontage directly off Interstate 5
• Diversified tenant mix across six suites
• Predominantly net lease structure with limited landlord responsibilities
• Ownership has invested significant capital improvements over the past several years
• Modern construction completed in 2009
• Located within a highly supply constrained office submarket
• Stabilized Net Leased Office Investment with Exceptional Interstate 5 Exposure