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2777 State Hwy. 59 N, Merced, CA 95348
70,902 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Rent
Square Footage 70,902 sqft
MLS Listing ID 650823
HOA Y/N No
Lot Size 22.300 Acres
Property Sub-Type Commercial
Property Description
Building C is currently leased thru June of 2029 but tenant does not occupy and would like to either sub-lease or preferably do an assignment and a formal assumption of the Lease. Tenant's current rent is $43,714.99 (i.e., Base Rent $36,537.58 + NNNs $7,177.41). Base Rent has annual COLAs each July based upon the CPI but never less than 3% or more than 8%. Fully sprinklered 70,902 SF bldg. which breaks down as follows Main manufacturing space 55,110 SF (110' x 501') + Large office / Restrooms / Breakroom 3,024 SF (24' x 126') + Small office (Lab) 364 SF (12' x 32') + sprinklered canopies 12,384 SF. Has 8 truck trucks and 2 grade level doors and is 'flood proofed'. Has 3,000 AMP electrical service provided by MID (Merced Irrigation District) which is purportedly 50% less than PG & E. Adjacent Building 'D' is also available for lease. It is a fully sprinkered 98,299 SF concrete tilt-up with a minimum 24' clear height and contains 2 x 12,544 SF refrigerated walk-in boxes that can maintain 40 degrees constant temperature. It has 2,000 AMP service provided by MID. There are solar panels on the south facing gables of Bldgs. C and D that generate about 750 KW of power / month and the power feeds into Bldg. D's meter. If a tenant rents Bldg D then Landlord will charge Tenant 90% of MID's stated rate for the power produced by the solar panels. The panels are owned by the Landlord and will go with the properrty upon sale. The asking rent for Bldg. D is $.55/SF NNN and the NNNs are around $.10/SF. The entire property (i.e., 199,667+/- SF of buildings on 22.3 acres) is also for sale for $15,997,500 and OWNER WILL CONSIDER CARRYING WITH 30% DOWN AT 6.5% INTEREST WITH MONTHLY PAYEMENTS OF INTEREST ONLY FOR 10 YEARS.
Location
State CA
County Merced
Interior
Cooling Central Air
Exterior
Parking Features Over 21 Spaces
Utilities Available Electricity Available
Roof Type Other
Building
Sewer Public Sewer
Listed by Steve Tinetti Tinetti Realty Group