2084 Lapham Dr - Warehouse FOR SALE


Modesto, CA 95354
$4,188,000 USD
209-604-8516
2084 Lapham Dr, Modesto, CA for Sale
$4,188,000 USD
Warehouse - FOR SALE
1/22
null | 6.5% Cap Rate

2084 Lapham Dr
Modesto, CA 95354


OVERVIEW

Rare opportunity to invest in a well-maintained, clear-span concrete tilt-up industrial building in a thriving market. This is an ideal 1031 exchange opportunity. The property is situated on Lapham Drive in the Beard Industrial District, Modesto’s premier industrial area. Built in 1961, the building is ± 39,434 SF on a ± 1.36 AC lot, as per Stanislaus County records. The property features two units. Ryan Herco Inc., a national tenant with over 35 service locations across the country, occupies ± 20,000 SF. They have been long-term tenants and recently extended their lease. Their unit includes 2,900 SF of office space, three (3) restrooms, 120-480V power supply, ± 24' clearance, and four (4) grade-level roll-up doors. Pacific Warehouser, recently signed a new five (5) year lease and occupies ± 19,343 SF. Their space includes a small office, two (2) restrooms, and three (3) grade-level doors.

FOR SALE DETAILS

PRICE

$4,188,000 USD

PRICE/SF

$106 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6.5% CAP Rate • NNN Industrial Investment

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

-

DRIVE INS

9

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.36

LAND SF

59,242

ZONING

M

APN/PARCEL ID

036-18-11

ASK ABOUT THIS PROPERTY

Randy High, Jr., CCIMPMZ CommercialMore Info
209-604-8516

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Randy High, Jr., CCIMPMZ CommercialMore Info
209-604-8516

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