Available For Sale - Industrial , Warehouse

41,784 SF | Show Pricing $

AVAILABILITY DETAILS

Size
41,784 SF
Price/SF
Show Pricing $
Listing ID
SA463162
Notes
Bank owned opportunity: ±41,784 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 (18) long-term tenants on AIR Industrial Gross leases. Value-add opportunity with actual rents of $139,860/year collected plus upside potential. After leasing vacancies/extending leases ($96,757/year) and addressing unpaid units ($40,008/year), the realistic 6-12 month stabilized gross annual income is $276,625.11 at month 12. Further rent growth of under-market remaining units provide potential gross income of $283,825.11/year the following year. 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 & easy access to CA-99 on/off ramps. Many front parking spaces available and excellent existing corner signage. Breakdown is 27,361 SF at 401-425 N "E" Street offering (13) units with (17) rollup doors, and 14,423 SF offering (7) units with (14) rollup doors at 610 N "E" Street.



(4) tenants are at market rents w/ leases until 2021-2023. The value-add opportunity consists of leasing (4) vacancies of 10,558 SF, addressing (3) unpaid units of 7,391 SF, increasing rent and extending lease length on (3) MTM tenants, and simply extending (4) existing market-rate tenants when their leases expire over the next 6-12 months.



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, separate meters, and have the ability to be combined.
Uses
Industrial
Warehouse

Other Availability in this Property

Space/Suite Square Feet Type Uses Asking Rent/Price
41,784 SF Lease Industrial, Warehouse $TBD chevron_right
Space/Suite
 
Square Feet
41,784 for lease
Uses
Industrial, Warehouse
Asking Rent/Price
$TBD

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