Former home of Souza Furniture and Souza Propane. Includes 11,225 sq. ft. warehouse and storage buildings; 3,228 sq. ft. in 3 separate residences; and fenced storage areas on .96 acre lot zoned Community Commercial.
Property is suitable for multi-tenant investment; owner-user, or redevelopment for a variety of commercial uses.
Cap rate on proforma annual gross income of $124,680 (see attached rent info) and estimated NOI of $93,510 is 7.48%.
See attachments for aerial view with buildings labeled; description of buildings, photos of buildings, tenant roll information and parcel map.
Existing propane tanks and equipment may be available.
Property is located near downtown Turlock at the northeast corner of the signalized intersection of Golden State Blvd. and W. Canal Dr. Highly visible location with access from both streets. Located close to major retail, commercial, office and government buildings.
As of March 2015, average daily vehicle count at this location was 16,121 on Golden State and 10,174 on W. Canal. Property benefits from pending reciprocal access and parking easement with 199 W. Canal which adds additional parking and access potential.
