1001 Reno Ave - Warehouse FOR SALE


Modesto, CA 95351- Southwest Modesto
$3,750,000 USD
916-677-9090
1001 Reno Ave, Modesto, CA for Sale
$3,750,000 USD
Warehouse - FOR SALE
1/8
null | 8.07% Cap Rate

1001 Reno Ave
Modesto, CA 95351
Southwest Modesto


HIGHLIGHTS

  • 100% occupied with long time tenants.
  • All rents are on average 100% below market, tremendous upside through lease renewal.
  • Modern metal construction, insulated with fire sprinklers.
  • Priced well below replacement cost.

OVERVIEW

NEVER BEFORE SOLD!!! This prime industrial complex was built by the current ownership and has never been available for purchase. The 32,500 SF complex, comprising of two identical buildings, was built in two phases. Approximately half (front - facing Reno) was constructed in 1995, and the the balance was completed in 2001. There are 19 units total, ranging from 1,250 SF to 2,500 SF. Each with a Rollup door, office and restroom. At 1.6 spaces per 1,000 SF, or 2 spaces per 1,250 unit, which is ample parking. Leases are mostly Month to Month with the average of all rents over 100% below market.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$116 USD /SF

CAP RATE

8.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

24

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.91

LAND SF

83,200

ZONING

Industrial

APN/PARCEL ID

029-12-84

ASK ABOUT THIS PROPERTY

Jason WinterRand Commercial PropertiesMore Info
916-677-9090

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Jason WinterRand Commercial PropertiesMore Info
916-677-9090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.