1725 West 16th Street, Merced, CA 95340

$1,975,000
List Price
$1,975,000

Property Description

45,176 m/l SF multi-tenanted metal warehouse building located on 3.0 acre parcel plus .3 acre storm drain parcel and zoned I-L (LIGHT INDUSTRIAL) potentially can accomodate a cannabis related usage (Buyer to verify with City Planning) . The Northern 20,950 SF portion (formerly VSI) is currently available for lease for $9,000 ($.43/SF) / month gross. Space is dock high and has 3 truck docks and 3 drive-in ramps. There is approximately 2,000SF of attractive office. Warehouse also includes a 20' x 40' refrigerated walk-in box. Warehouse is insulated (walls and ceiling). This comes with its own seperately fenced and gated yard area. Also available is a 12,000 SF warehouse space with an ADA restroom but no offices. It has a truck dock door and a drive-in ramp as well. Asking $5,400 ($.45/SF) / month gross. Gross Scheduled Rent annually when fully occupied is $232,276 (Price is 8.5 GRM) amd proforma NOI is $179,940 (9% Cap Rate at list price).

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Courtesy of Tinetti Realty, .

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