Available For Sale - Industrial , Warehouse

44,165 SF | Show Pricing $

LISTED BY

Jared Ennis
Central CA Commercial, 559-705-1000

AVAILABILITY DETAILS

Size
44,165 SF
Price/SF
Show Pricing $
Listing ID
SA535035
Notes
Value-Add Industrial Investment: ±44,165 SF commercial service multi-tenant complex on 1.83 Acres (79,606 SF) between Fresno and Merced in Madera, CA. Offers (20) economical separate spaces leased to (17) long-term tenants on AIR Industrial Gross leases. Value-add opportunity of 80% occupancy with actual rents of $245,801/year collected plus upside potential. After leasing vacancies/extending leases ($96,757/year) and addressing unpaid units ($60,494/year), the realistic 6-12 month stabilized gross annual income is $306,289. Further rent growth by stabilizing the under-market units provide increased gross income of $360,945/year at full market rents. Unique investment offering easy-to-rent warehouse spaces within an under-built market offering a strong need for these type of spaces. Once stabilized, the deal offers TEEN cash-on-cash returns when leveraged. Great visibility, convenient parking, fenced yards, existing corner signage, & easy access to CA-99 on/off ramps connecting to I-5. #401-425 N "E" St totals 29,635 SF on 3 APN's offering (13) units with (17) rollup doors; #610 N "E" St totals 14,286 SF offering (7) units with (14) rollup doors.



(10) tenants are at market rents w/ 3% increases per annum thru 2027-2028. The value-add opportunity consists of leasing (2) vacancies of 8,916 SF, increasing rent and extending lease length on (4) leases with 1-year remaining, and simply extending (1) existing market-rate tenant when their leases expire over the next year.



Multiple configurations ranging from 980 SF up to 6,000 SF with an average of 2,270 SF units. Setup to have a office/showroom, shop, and fenced yard. Equipped w/ ample power, roll up doors, restrooms, sky lights, air vents, evap coolers, heaters, security, and have the ability to be combined.
Uses
Industrial
Warehouse

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jared Ennis, Central CA Commercial
BRE# 01945284