345 N 19th Ave - Warehouse FOR SALE


Lemoore, CA 93245
$2,000,000 USD
559-365-6567
345 N 19th Ave, Lemoore, CA for Sale
$2,000,000 USD
Warehouse - FOR SALE
1/23
null | Request Cap Rate

345 N 19th Ave
Lemoore, CA 93245


HIGHLIGHTS

  • ~$463k owner cashflow (SDE)
  • Multiple revenue streams (Selling unclaimed cars, rent from recycling tenant, RV storage, etc.)
  • Attractive seller financing terms available
  • ~7k SqFt may easily be converted back to cold storage; prior beer distribution facility
  • ~19 employees and in business over 25-years
  • Recession resistant industry

OVERVIEW

The Myers Team is proud to present the exclusive opportunity to purchase a turn-key, highly established towing and storage business in California's Central Valley. Highlights of this offering include: • AAA Exclusive Contract & on Law Enforcement Rotations | The company is a longstanding partner of AAA and is their go-to tower in multiple territories, and there may be an opportunity to take on more, if buyer is looking for growth. Also on rotation with law enforcement and are the go-to for premium vehicle tows because they are the only ones around with warehouse space for indoor storage. • Established Sales & Longstanding Employees | The company benefits from a recession-resistant business model and has a steady history of annual sales. Multiple growth opportunities are present for new ownership but the business is a well oiled machine as-is. Ownership takes frequent trips out of town and business runs itself while away. • Owned Real Estate Included | This business comes with a fantastic piece of real estate! A highly saught after, well-maintained warehouse building. The ~25,000 SqFt building sits on ~2.05 acres and comes equipped with two loading docks. Potential rail access may be possible given close proximity to tracks. The business is also asset-rich, coming with a fleet of trucks valued at roughly ~$900k, limiting the buyers downside. BUSINESS PRICE: $1,100,000 REAL ESTATE PRICE: $2,000,000 TOTAL PURCHASE PRICE: $3,100,000 *** Seller is willing to finance the deal for a qualified buyer at 5% interest, with a 5-year term and 25-year amortization. Minimum $600,000 down. ***

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Towing & Storage Business

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Refrigeration/Cold Storage

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

2

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.05

LAND SF

89,298

ZONING

ML

APN/PARCEL ID

023-430-015-000

ASK ABOUT THIS PROPERTY

Dillon MyersGentile Real EstateMore Info
559-365-6567

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Dillon MyersGentile Real EstateMore Info
559-365-6567

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