2777 N Highway 59, Merced, CA 95348
2777 N Highway 59, Merced, CA 95348
2777 N Highway 59, Merced, CA 95348
2777 N Highway 59, Merced, CA 95348
2777 N Highway 59, Merced, CA 95348
2777 N Highway 59, Merced, CA 95348
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Zoe Huebner

Zoe Huebner

+1(559) 349-1846
$ 15,997,500
Est. payment | /mo

199,667 SqFt

Save
$ 15,997,500
Est. payment | /mo
Save

199,667 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 199,667 sqft

Price per Sqft $80

MLS Listing ID 648185

HOA Y/N No

Year Built 1970

Lot Size 21 Sqft

Property Sub-Type Commercial

Property Description

Just under 200,000 SF of buildings on 22.3 acres. Has 8.27+/- acres of excess buildable land on which to build additional buildings or provide Industrial Outdoor Storage . Gross Scheduled rent as of 1-1-26 was $133,606.68 /month = $ 1,603,280.00 / year. Bldg. A consists of a free standing 7,126 SF office building + a new (built 2021) 2,400 SF metal shop bldg. Leased on a modified gross basis. Landlord pays Base Yr. Operating Expenses and Tenant pays its prorata share of increase over the Base Yr. with exception that Tenant pays all of taxes for new shop Bldg. COLAs in January based on increase in CPI but never less than 3% or greater than 8% / year. Tenant currently pays $10,244.30/ month ($9,204.83 Base Rent +$1,039.50 CAMs. Bldg. B is a 15,300 SF standalone fully sprinklered metal bldg. with an attached 240 SF office. Bldg.has minimum 22' clear height and has 8 roll-up doors (4@ on east and west sides of Bldg.). Tenant pays $12,508.84 / month ($10,810.37 Base Rent + $1,698.47 NNNs). Bldg. C is a 70,902 SF fully sprinklered metal bldg. with 8 recessed truck docks and 3,000 AMP electrical service provided by MID(purportedly costs less than 50% of PG & E). Tenant currently pays $43,711.99 / month ($ 38,537.58 Base Rent + $7,174.41 NNNs). Tenant wants to sub-let the building. Bldg. D is a fully sprinklered, concrete tilt-up with 24' clear height under roof trusses and 2,000 AMP electrical service provided by MID. Solar panels on south facing roofs of both Bldgs. C & D provide an additional 750KW on average / month into Bldg. D's meter. Inside of D are 2 x 12,544+/- SF refrigerated walk-in boxes that can be maintained at 40 degrees temperature. Bldg. D just became available for lease in March and the asking rent is $.55/SF NNN (the NNNs are $.10 / SF). Owner occupies 5,240 SF metal shop attached to west end of Bldg D and is willing to either vacate at close of escrow or lease back at $3,406 / month ($.65/SF). Owner has just spent $1M+/- to flood proof buildings. The property is fully fenced and can be accessed via electronic gates from both Highway 59 and Cooper Avenue. Bldgs. C & D combined represent roughly 170,000 SF of competetively priced continuous space with 5,000 AMPs of inexpensive electricty.

Location

State CA

County Merced

Zoning I-H Heavy Industrial

Interior

Interior Features Storage

Cooling Central Heat/Cool, None

Exterior

Exterior Feature Storage

Parking Features Over 21 Spaces

Fence Chain Link, Electric

Utilities Available Phone Available, Natural Gas Available

Roof Type Composition,Metal,Tile

Building

Lot Description Airport 2 - 3 Miles, Total Parcel Only

Story 1

Foundation Concrete Perimeter, Wood Subfloor

Sewer Public Sewer

Water Public

Fresno MLS
Listed by Steve Tinetti Tinetti Realty Group

Nearby Locations

Zoe Huebner

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 349-1846

zoe@shaverlake.com

41851 Tollhouse Rd, Shaver Lake, CA, 93664, USA

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2777 N Highway 59