Bldg B

39,434 SF | 100% Leased | Industrial Building | Modesto, CA 95354 | $4,250,000 ($108/SF)

Asking Price $4,250,000

Property Type: Industrial
Price / Square Foot: $108

Listing Contacts

Randy High, Jr., CCIM

Verified Profile

Danny Price

Verified Profile

Property Info

Property Overview

Rare opportunity to acquire a well maintained concrete tilt up warehouse in a thriving market. Ideally located within Modesto's premier industrial district with good visibility along Yosemite Blvd. Building is demised into two suites, each are ±20,000 sf and leased on a short term basis (MTM and ±12 months remaining).
Ideal situation for an owner user to immediately occupy half the building with ability to expand in future or collect rent.
Existing leases are substantially under market allowing a user or investor to capitalize on potential upside.

Property Details

Class: B
Year Built: 1961
Stories: 1
Property Subtype: Distribution, Manufacturing
Lot Size (sq. ft): 59,242 SF

Highlights

Clean Warehouse
Good Visiblity
Clear Span Interior
Grade Level Doors
Opportunity for user to occupy/expand from ±20,000 sf to ±40,000 sf within 12 months from closing
Existing leases are substantially below market

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