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2936 Farrar Ave 38,000 SF 100% Leased Industrial Building Modesto, CA 95354 $4,235,000 ($111.45/SF) 7% Cap Rate
EXECUTIVE SUMMARY
Established Commercial Asset: This 38,000 sq ft two-building industrial manufacturing and warehouse facility, built in 1971 and 2022, is situated on
a 2.5-acre lot within Modesto's well-established Beard Industrial Park. One of the two main buildings was constructed in 2022 and is equipped with cranes, enhancing its functionality for heavy fabrication work.
Stable Long-Term Tenancy: The property is currently occupied by
Flooring Liquidators, a reputable tenant specializing in flooring sales and installation, providing a consistent and reliable income stream for investors.
Strategic Operational Site: This location serves as the company's primary countertop and slab yard supporting its Northern California retail operations. Flooring Liquidators operates the site through its subsidiary, Elite Builder Services, which uses this property as its only fabrication shop, making it a critical component of their supply chain and overall business operations.
a 2.5-acre lot within Modesto's well-established Beard Industrial Park. One of the two main buildings was constructed in 2022 and is equipped with cranes, enhancing its functionality for heavy fabrication work.
Stable Long-Term Tenancy: The property is currently occupied by
Flooring Liquidators, a reputable tenant specializing in flooring sales and installation, providing a consistent and reliable income stream for investors.
Strategic Operational Site: This location serves as the company's primary countertop and slab yard supporting its Northern California retail operations. Flooring Liquidators operates the site through its subsidiary, Elite Builder Services, which uses this property as its only fabrication shop, making it a critical component of their supply chain and overall business operations.
PROPERTY FACTS
| Price | $4,235,000 | Rentable Building Area | 38,000 SF |
| Price Per SF | $111.45 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1971 |
| Cap Rate | 7% | Parking Ratio | 0.53/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 18’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 4 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.50 AC | ||
| Zoning | M - Industrial | ||
| Price | $4,235,000 |
| Price Per SF | $111.45 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.50 AC |
| Rentable Building Area | 38,000 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Parking Ratio | 0.53/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 4 |
| Opportunity Zone |
Yes |
| Zoning | M - Industrial |
1 1
PROPERTY TAXES
| Parcel Number | 036-08-30 | Improvements Assessment | $1,627,509 |
| Land Assessment | $446,029 | Total Assessment | $2,073,538 |
PROPERTY TAXES
Parcel Number
036-08-30
Land Assessment
$446,029
Improvements Assessment
$1,627,509
Total Assessment
$2,073,538
(209) 521-1591
x104
CONTACTS
-
Thomas Solomon -
Thomas Solomon -
Jacob Friedrich -
CoSoL Commercial Real Estate
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2936 Farrar Ave
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