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Bldg D 2777 N Highway 59 199,471 SF Industrial Building Merced, CA 95348 $15,997,500 ($80.20/SF) 7.36% Cap Rate
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $15,997,500 | Building Class | B |
| Price Per SF | $80.20 | Lot Size | 22.30 AC |
| Sale Type | Investment NNN | Rentable Building Area | 199,471 SF |
| Cap Rate | 7.36% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1969 |
| Property Subtype | Warehouse | Tenancy | Single |
| Zoning | I-H - Property is properly zoned I-H (Heavy Industrial) and located in Merced's Western Industrial Park adjacent to Hwy's 59 and 99. | ||
| Price | $15,997,500 |
| Price Per SF | $80.20 |
| Sale Type | Investment NNN |
| Cap Rate | 7.36% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 22.30 AC |
| Rentable Building Area | 199,471 SF |
| No. Stories | 1 |
| Year Built | 1969 |
| Tenancy | Single |
| Zoning | I-H - Property is properly zoned I-H (Heavy Industrial) and located in Merced's Western Industrial Park adjacent to Hwy's 59 and 99. |
AMENITIES
- Controlled Access
- Fenced Lot
- Security System
- On-Site Power Generation
UTILITIES
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Total of 98,239+/- SF. Main Bldg. is a concrete tilt-up with 96,640+/- SF (201.33' x 480') that is sprinklered & rated for 'high pile' storage, has a minimum 24' clear height and 48' x 101.66' column spacing. Inside bldg. there are 2 x 12,544+/-SF refrigerated walk-in boxes which can hold 40º temperature and a 2 story office (1,200+SF). There is a double recessed exterior truck dock at the north east end of the the bldg. with a sprinklered 1,113+/- sf canopy over the dock. Appended to the main bldg. are Men's and Women's restrooms (486+/- SF).Lease rate for walk-in boxes, if leased separately is $ 31,360 (25,088+/- SF x $1.25 / SF) Gross (including the electricty . Asking rent for the entire warehouse, including the walk-in boxes) is $.55 / SF NNN with the exception of a cannabis related business whereby the rent will be $ .60 / SF NNN. A There is a 2,000 amp electrical panel with service provided by M.I.D. which is substantially less than PG & E rates (see attached cost comparison). Additional acreage available and Landlord can do a build-to-suit. Bldg. is located on a 22.3 acre parcel that has full perimeter 6' high chain link fence and 2 electronic gates (with card readers) for access to Hwy. 59 as well as Cooper Avenue. Property is properly zoned (I-H) and is well located for a CANNABIS RELATED BUSINESS (Prospective Tenant is advised to verify with local governmental authorities). LANDLORD CAN SUPPLY FREE HIGH SPEED INTERNET
| Space | Size | Space Use | Condition | Available |
| 1st Fl - D | 98,239 SF | Industrial | Full Build-Out | Now |
1st Fl - D
| Size |
| 98,239 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - D
| Size | 98,239 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Total of 98,239+/- SF. Main Bldg. is a concrete tilt-up with 96,640+/- SF (201.33' x 480') that is sprinklered & rated for 'high pile' storage, has a minimum 24' clear height and 48' x 101.66' column spacing. Inside bldg. there are 2 x 12,544+/-SF refrigerated walk-in boxes which can hold 40º temperature and a 2 story office (1,200+SF). There is a double recessed exterior truck dock at the north east end of the the bldg. with a sprinklered 1,113+/- sf canopy over the dock. Appended to the main bldg. are Men's and Women's restrooms (486+/- SF).Lease rate for walk-in boxes, if leased separately is $ 31,360 (25,088+/- SF x $1.25 / SF) Gross (including the electricty . Asking rent for the entire warehouse, including the walk-in boxes) is $.55 / SF NNN with the exception of a cannabis related business whereby the rent will be $ .60 / SF NNN. A There is a 2,000 amp electrical panel with service provided by M.I.D. which is substantially less than PG & E rates (see attached cost comparison). Additional acreage available and Landlord can do a build-to-suit. Bldg. is located on a 22.3 acre parcel that has full perimeter 6' high chain link fence and 2 electronic gates (with card readers) for access to Hwy. 59 as well as Cooper Avenue. Property is properly zoned (I-H) and is well located for a CANNABIS RELATED BUSINESS (Prospective Tenant is advised to verify with local governmental authorities). LANDLORD CAN SUPPLY FREE HIGH SPEED INTERNET
PROPERTY TAXES
| Parcel Number | 059-450-069 | Improvements Assessment | $6,493,621 |
| Land Assessment | $1,374,264 | Total Assessment | $7,867,885 |
PROPERTY TAXES
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Bldg D | 2777 N Highway 59
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