1827 Wardrobe Avenue

    Merced, CA 95341
    • $1,650,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: MC18243375
    UPDATED: 130 min ago
    $1,650,000
    • 0
      BEDS
    • 4.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 30,000
      SQFT
    • $55
      $/SQFT
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Three buildings 1827, 1859 and 1863 Wardrobe Avenue. Each building is 100' x 100'=10,000 SF and were desgined to be split into quarters (i.e. 50 x 50' = 2,500 SF spaces. 1863 Wardrobe ,the bldg. closest to the street has 4 x 2,500 SF spaces. It is estimated to have been built around 1980 m/l. It is on city water but has its own septic system. It is not sprinklered. The back 2 bldgs. were built around 2005 and are on city water and sewer, are fully insulated, sprinklered and have multiple skylights.1859 has a 10,000 SF space with 4 ADA compliant restrooms and can be split into 2,500 SF units. 1827 has 2 x 2,500 SF spaces and a a 5,000 SF space. 4.26 acre lot is zoned I-L (Light Industrial) in the Merced Airport Industrial Park. Reputedly (Buyer to verify) there is existing infrastructure (i.e water lines, sewer lines, fire hydrant and storm drainage, etc.) for three additional buildings (100' x100' = 10,000 SF each) to be built on the lot. Existing Gross Scheduled Rents are $12,550 / month = $150,600 Gross Scheduled Income annually. Existing buildings are fully leased and some of the rents are believed to be below current market. Buyer to cooperate with Seller in order for Seller to do a 1031 exchange.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-17T00:31:12.133. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.pismohomes.com/homes/88268248

    1827 Wardrobe Avenue Merced, CA 95341

    • Price: $1,650,000
    • Status: Active
    • Updated: 130 min ago
    • ID#: MC18243375
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.26
    Acres
    30,000
    SQFT
    $55
    $/SQFT
    County:
    Merced
    Property Description
    Three buildings 1827, 1859 and 1863 Wardrobe Avenue. Each building is 100' x 100'=10,000 SF and were desgined to be split into quarters (i.e. 50 x 50' = 2,500 SF spaces. 1863 Wardrobe ,the bldg. closest to the street has 4 x 2,500 SF spaces. It is estimated to have been built around 1980 m/l. It is on city water but has its own septic system. It is not sprinklered. The back 2 bldgs. were built around 2005 and are on city water and sewer, are fully insulated, sprinklered and have multiple skylights.1859 has a 10,000 SF space with 4 ADA compliant restrooms and can be split into 2,500 SF units. 1827 has 2 x 2,500 SF spaces and a a 5,000 SF space. 4.26 acre lot is zoned I-L (Light Industrial) in the Merced Airport Industrial Park. Reputedly (Buyer to verify) there is existing infrastructure (i.e water lines, sewer lines, fire hydrant and storm drainage, etc.) for three additional buildings (100' x100' = 10,000 SF each) to be built on the lot. Existing Gross Scheduled Rents are $12,550 / month = $150,600 Gross Scheduled Income annually. Existing buildings are fully leased and some of the rents are believed to be below current market. Buyer to cooperate with Seller in order for Seller to do a 1031 exchange.
    Exterior Features

    Construction Materials SteelSteel Siding Fence YN Yes Fencing Chain LinkGood Condition Lot Features Lot Over 40000 SqftLot Shape-Rectangular Lot Size Dimensions 308.31' X 602.81' Lot Size Source Assessor Lot Size Units Square Feet Roof Metal

    Interior Features

    Condo Area Units Square Feet Cooling Evaporative Cooling YN Yes Heating See Remarks Heating YN Yes Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Industrial Type Warehouse/Distribution Investment Property YN Yes Land Lease YN No Land Use Industrial Laundry YN No Leasable Area Units Square Feet Lease Considered YN No Lot Dimensions Source Assessor Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 8 Occupancy Occupied Park Name Merced Airport Industrial Park Property Sub Type Industrial Security Features Fire Sprinklers Special Listing Conditions Standard Total Monthly Rent 12550 Utilities Electricity ConnectedNatural Gas ConnectedSee Remarks Water Source Public Zoning I-L

    Listing provided courtesy of Steve Tinetti of Tinetti Realty Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-17T00:31:12.133. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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