401 E StMadera, CA 93638
Multi-tenant flex warehouse, high ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- $2,475,000 asking price for a value-add industrial property in Madera, CA.
- 44,165 square feet on 1.83 acres with 17 tenants and 91.15% occupancy.
- Currently generating $201,402 NOI, with pro-forma NOI projected at $343,143, representing an 8.14% cap rate and a pro-forma cap rate of 13.86%.
- Six single-story buildings totaling 44,165 rentable square feet, built in 1977 and renovated in 2023, featuring 14-foot ceilings.
- Property includes 55 parking spaces and offers 3% annual rent increases.
Property Details for 401 E St
- Property type
- Warehouses, Industrial properties
- Square Feet
- 44,165 SF
- Class
- B
- Year Built/Renovated
- 1977/2023
- Buildings
- 6
- Stories
- 1
- Lot Size (sq. ft)
- 79,715 SF
- Units
- 20
Location Insight
- City
- Madera
- County
- Madera
- State
- California
- Latitude
- 36.964748185312
- Longitude
- -120.06224423927
Nearby Similar for Sale
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