$1,325,000
$1,390,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
2.3 Acres Lot
SOLD DATE : 03/08/2022
Key Details
Sold Price $1,325,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MC21112326
Sold Date 03/08/22
HOA Y/N No
Lot Size 2.300 Acres
Property Description
3 buildings on a 2.3 acre parcel. 2 bldgs on the east side of parcel are both 4,000 SF and each is split into 2,000 SF spaces. Flooring company occupies 3 spaces (i.e. 6,000 SF) 2120, 2130 and 2140 & a plumbing company occupies the 4th 2,000 SF space. All of the buildings are fully insulated and have skylights for natural lighting. The western Bldg is 9,000 SF, is fully sprinklered, has 1,500 SF of nice offices with HVAC, 7,500 SF of shop with gas fired space heating / evaporative cooling and has 4 roll-up doors. 2150 has its own fenced & gated yard area most of which is paved but some is hard packed road base. 2120, 2130 & 2140 leased to Flooring Company, currently paying $3,713 / month and rent increases 3% / year on April 1st of each year. 2142 (i.e. the 2,000 SF plumbing company space) currently rents for $850 / month and lease expires 9-15-21. 2150 is renting month-to-month (Has been tenant since 2014). Rent as of 6-1-21 is $4,660.45 / month. Total gross scheduled rent is $9,223.45/ month =$110,681/Year.
Location
State CA
County Merced
Zoning I-L
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected, Water Connected
Roof Type Metal
Building
Lot Description 2-5 Units/Acre, Lot Over 40000 Sqft, Rectangular Lot, Level
Water Public
Others
Tax ID 059410025000
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Financing Private
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Daniel Price • NONMEMBER MRML
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States