for sale 1731 w. 16th street, merced, ca€¦ · 1725 w.16th 1731 w.16th dock-high door drive in...
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1725 W.16th 1731 W.16th
Dock-High Door
Drive in ramp/door
FOR SALE - 45,176 SF Building - Zoned I-L
1731 W. 16th Street, Merced, CA Fully Leased -$211,629 /Yr. Gross Rents
(Close proximity to Hwy. 59 & 99)
45,176 m/l SF multi-tenanted metal warehouse building located on 3.3 acre parcel and zoned I-L
(LIGHT INDUSTRIAL). The southern 8,000 SF portion (i.e. 40' x 200') has a dock high (heavy duty)
raised wood floor and the balance of the building is on a concrete dock. Currently fully occupied with
monthly gross scheduled rents of $17,635.71 ($211,629 / year). 1731 W 16th (VSI) 20,950SF is vacating
their space as of 12/1/18. It will be available at $9,000/Mo ($.43/SF). List price is 9.33 x' s gross
scheduled rent and represents a 7.77% Capitalization Rate. NOTE THAT THE PROPERTY LINE ON
THE WEST SIDE OF THE PROPERTY IS AT OR VERY CLOSE TO THE WEST WALL OF THE
BUILDING (I.E. THE RAILROAD STILL OWNS THE LAND UNDERNEATH THE ABANDONED
RAIL SPUR). Storm drainage basin to the north of the Merced Mini-Storage is on the subject property
and services the subject property, the Merced Mini-Storage property to the east and the Miles Business
Park to the west. All three properties share the expense of maintaining the common storm drainage
system that services all three properties.
Tinetti Realty Group
2930 G Street, Merced, CA 95340
MercedRealEstate.com
STEVE TINETTI
(209) 354-3838 [email protected]
$1,975,000
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SUBJECT
PROPERTY
SUBJECT
PROPERTY Billboard
Tinetti Realty Group
2930 G Street, Merced, CA 95340
MercedRealEstate.com
STEVE TINETTI
(209) 354-3838 [email protected]
59
Subject Property
Tinetti Realty Group
2930 G Street, Merced, CA 95340
MercedRealEstate.com
STEVE TINETTI
(209) 354-3838 [email protected]