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.