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Fully Leased Investment: 27,076 SF Warehouse Buildings

Listing was updated at: 01/23/2019
Fully Leased Investment: 27,076 SF Warehouse Buildings Fully Leased Investment: 27,076 SF Warehouse Buildings Fully Leased Investment: 27,076 SF Warehouse Buildings Fully Leased Investment: 27,076 SF Warehouse Buildings Fully Leased Investment: 27,076 SF Warehouse Buildings Fully Leased Investment: 27,076 SF Warehouse Buildings

Property Overview

Price/Rent PSF $ 930,000.00
Asset Type Industrial
Trade Type Sale
SQ. FT. Available 27,076
Date Available 01/23/2019
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Description

Location
Centrally located near the County seat to serve the cities of Armona, Hanford, Lemoore, & Kings County's 150,000+ population expected to grow to 200,000 by 2020. Property is located north of Idaho Avenue, east of 7th Avenue, south of Iona Avenue and west of 4th Avenue.

Sale
(6) Fully Leased Freestanding buildings totaling ±27,076 SF of office/warehouse light industrial buildings. This is a bank-owned cash cow producing $97,500 per year in current rents with great upside potential through installing power and extending leases. With an existing 9.08% existing rate of return after actual expenses, this deal offers an excellent opportunity for TEEN cash-on-cash returns when leveraged. Long term tenants in place with existing occupancy. There are a total of (5) easy-to-rent ±5,000 SF Commercial warehouse buildings totaling ±25,000 SF with (1) ±2,076 SF office building on ±2.12 Acres (±92,347 Square Feet lot) on A.P.N. 018-091-012. Great visibility, convenient parking & easy access to Highway 198 on/off ramps. Many front parking spaces available and excellent existing signage. Sale does NOT include business - they are wonderful tenants that will secure your investment.

Location

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