17251731 W 16Th Street

  • Merced

  • $1,975,000
  • Acres
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Commercial Sale Details

Description & Essential
Description
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. Multiple tenants with monthly gross scheduled rents of $21,933 ($263,070 / year). Property listed at 9.33 x Gross Annual Rents & Cap Rate of 7.77%. NOTE THAT THE PROPER-TY 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.
Essential
MLS #MC18023395
Price Per SqFt$43.72
Sub-TypeIndustrial
CountyMerced
StateCA
StatusActive
Sale TypeStandard
Number Of Buildings1
Building StatusExisting
Land UseIndustrial
Listing BrokerageTinetti Realty Group
Listing AgentSteve Tinetti
Listing Agent BRE #00475070

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Based on information from California Regional Multiple Listing Service, Inc. as of Monday, May 14, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.