Fully Leased Investment: 27,076 SF Warehouse Buildings
(6) Fully Leased Freestanding buildings totaling 27,076 SF of office/warehouse light industrial buildings. This is a bank-owned cash cow producing $97,500 per year in current rents with great upside potential through installing power and extending leases. With an existing 9.08% existing rate of return after actual expenses, this deal offers an excellent opportunity for TEEN cash-on-cash returns when leveraged. Long term tenants in place with existing occupancy. There are a total of (5) easy-to-rent 5,000 SF Commercial warehouse buildings totaling 25,000 SF with (1) 2,076 SF office building on 2.12 Acres (92,347 Square Feet lot) on A.P.N. 018-091-012. Great visibility, convenient parking & easy access to Highway 198 on/off ramps. Many front parking spaces available and excellent existing signage. Sale does NOT include business - they are wonderful tenants that will secure your investment.
Location
Centrally located near the County seat to serve the cities of Armona, Hanford, Lemoore, & Kings County's 150,000+ population expected to grow to 200,000 by 2020. Property is located north of Idaho Avenue, east of 7th Avenue, south of Iona Avenue and west of 4th Avenue.
Highlights
- *Update: Vacancy Leased, Price Reduced, Leases Extended*
- TEEN Cash-on-Cash When Leveraged
- Investment Opportunity: (6) Freestanding Buildings
- Fully Leased Investment w/ Long-Term Tenants
- 27,076 Total on 2.12 Acres Of Yard Area
- Cash Cow Producing $97,500/Year Currently
- Newer Construction - Well Maintained Buildings
- Long Term Tenants w/ Great Upside Potential
- Easy Access from Surrounding Major Corridors
- Functional Warehouse Spaces
- Requires Little Management
- Easy Access to Highway 198 On/Off Ramps
- Excellent Existing Signage
- Property Type
Industrial
- Total Building Size
27,076RSF
- Total Acres
2.12
- Property ID
1865463
