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2242-2272 Hoover Ave 25,375 SF 100% Leased Industrial Building Modesto, CA 95354 $2,295,000 ($90.44/SF)

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EXECUTIVE SUMMARY

2242-2272 Hoover Ave presents an excellent opportunity for an owner-user or investor seeking a well-located property in an established Modesto corridor. The property benefits from convenient access to major thoroughfares, allowing for efficient connectivity throughout the city and surrounding areas. Its central location places it near a variety of commercial and industrial businesses, supporting strong operational functionality and long-term value. Suitable for a range of potential uses (buyer to verify), 2242-2272 Hoover Avenue offers a practical and strategically positioned asset for those looking to invest or establish a presence in the Modesto market.
2242 Hoover Ave:
This ±15,575 SF Warehouse is constructed of 80% concrete tilt-up and 20% metal. The front portion of the building contains an entryway, a bullpen area and four (4) offices, and two (2) restrooms. The total office area is ±2,360 SF, which includes a parts area. The concrete portion of the structure is accessed via two (2) grade level doors that face East and three (3) that face North.
• Five (5) grade level doors: Two (2): 12’ X 14’ and Three (3): 10’ X 10’
• 18’ - 22’ Clear Height
• 400 amps power
2272 Hoover Ave:
This ±9,800 SF metal warehouse has a ±720 office. There are two (2) grade level doors on the West side of the building and one (1) along the South side. The warehouse has skylights and evaporative coolers.
• Three (3) grade level doors: One (1): 10’ X 10’ and Two (2): 12’ X 114’
• 18’ Clear Height
• 200 amps power

Brochure-Hoover Ave

PROPERTY FACTS

Price	$2,295,000	Rentable Building Area	25,375 SF
Price Per SF	$90.44	No. Stories	1
Sale Type	Investment or Owner User	Year Built	1974
Property Type	Industrial	Parking Ratio	2.56/1,000 SF
Property Subtype	Warehouse	Clear Ceiling Height	22’
Building Class	B	No. Drive In / Grade-Level Doors	7
Lot Size	1.45 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	M1

Price	$2,295,000
Price Per SF	$90.44
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Warehouse
Building Class	B
Lot Size	1.45 AC
Rentable Building Area	25,375 SF
No. Stories	1
Year Built	1974
Parking Ratio	2.56/1,000 SF
Clear Ceiling Height	22’
No. Drive In / Grade-Level Doors	7
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	M1

Fenced Lot

Yard

Gas - Natural
Water - City
Sewer - City
Heating - Gas

MAJOR TENANTS

Wholesaler
-
$4.32
Modified Gross
Sep 2016

Pacific Solutions specialize in material handling products and allied warehouse equipment, medium duty commercial trucks, and fleet management. Their products range from forklifts, manual and electric jacks, telemetry, sweeper, scrubbers to dock levelers, high-speed and roll-up doors, shelving, lockers, and medium duty commercial trucks. They also provide parts, services and rental. Their unique pacific care package allows companies reduce operating costs by connecting services and parts operations teams to technicians and customer electronically. They provide customers industry-leading fleet management reporting.