For Sale
$2,475,000

401 E StMadera, CA 93638

Multi-tenant flex warehouse, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional value-add investment opportunity presents a 44,165 square foot multi-tenant industrial complex situated on 1.83 acres in Madera, California. The property, comprised of six single-story buildings constructed in 1977 and renovated in 2023, features 20 units currently leased to 17 tenants at 91.15% occupancy. The complex boasts a strong net operating income (NOI) of $201,402, with a pro-forma NOI projected at $343,143 after lease stabilization and rent increases. The asking price is $2,475,000, representing a current cap rate of 8.14% and a pro-forma cap rate of 13.86%. Leases are gross, with built-in 3% annual rent bumps. The property includes 55 parking spaces and features 14-foot ceilings, roll-up doors, and evaporative coolers and heaters. Units range from 980 to 6,000 square feet, averaging 2,270 square feet, and offer flexible configurations suitable for various uses, including office/showroom, shop, and warehouse space. The property benefits from excellent visibility and convenient access to Highway 99. The zoning is Commercial Service, and the property is well-maintained with ample yard space. This investment offers significant upside potential through lease-up of vacant units and market rent adjustments. The property's strong tenant base, low maintenance requirements, and prime location make it an attractive opportunity for investors seeking substantial returns.

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
401 E St, Madera, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
401 E St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message