Value Add Investment: ±43,921 SF Industrial Complex @ Corner

For Sale

401-610 North E St, Madera, CA 93638

This Madera property for sale is located at 401-610 North E St. The current listed sale price for Value Add Investment: ±43,921 SF Industrial Complex @ Corner is $2,475,000. Value Add Investment: ±43,921 SF Industrial Complex @ Corner is situated on a lot that is 1.83 acre in size.

Contacts

broker

Jared Ennis

KW Central California

Property Details

  • Property Type Industrial - Flex - Industrial
  • Property Size 44,165 SF
  • Units 20
  • Lot Size 1.83 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1977
  • Year Renovated 2023
  • Date Updated Nov 4, 2024
  • HVAC None
Located just SW of N "E" St between Central & E 3rd. Madera is the county seat with the city and county population at 65,508 and 156,890, respectively. Located in the San Joaquin Valley, Madera is the principal city of the Madera–Chowchilla Metropolitan Area, which encompasses all of Madera County, and Fresno. Within the city, CA-99 carries traffic in a north/south orientation. East of the city, CA-41 can be accessed via county roads, or via CA-145. Near the Madera Amtrak station as well as a planned California High-Speed Rail stop. Property serves all surrounding communities including Fresno, Clovis, Chowchilla, Ahwahnee, Bass Lake, Bonadelle Ranchos-Madera Ranchos, Coarsegold, Fairmead, La Vina, Madera Acres, Nipinnawasee, Oakhurst, Parksdale, Parkwood, Rolling Hills, and Yosemite Lakes.Value-Add Industrial Investment: ±44,165 SF commercial service multi-tenant complex on 1.83 Acres (79,606 SF) between Fresno and Merced in Madera, CA. Offers (20) economical separate spaces leased to (17) long-term tenants on AIR Industrial Gross leases. Value-add opportunity of 91% occupancy with actual rents of $256,369/year collected plus upside potential. After leasing (2) vacancies ($34,929/year) and extending leases to market rates ($106,811/year), the realistic 6-12 month stabilized gross annual income is $306,289. Further rent growth by stabilizing the under-market units provide increased gross income of $398,110/year at full market rents. Unique investment offering easy-to-rent warehouse spaces within an under-built market offering a strong need for these type of spaces. Once stabilized, the deal offers TEEN cash-on-cash returns when leveraged. Great visibility, convenient parking, fenced yards, existing corner signage, & easy access to CA-99 on/off ramps connecting to I-5. #401-425 N "E" St totals 29,635 SF on 3 APN's offering (13) units with (17) rollup doors; #610 N "E" St totals 14,286 SF offering (7) units with (14) rollup doors. (7) tenants (C-S, D, F-P, 425, &112) are near market rents w/ 3% increases per year. The value-add opportunity consists of leasing (2) vacancies of 3,881 SF and increasing rent and extending lease length on (5) leases with less than 1-year remaining. Multiple configurations ranging from 980 SF up to 6,000 SF with an average of 2,270 SF units. Setup to have a office/showroom, shop, and fenced yard. Equipped w/ ample power, roll up doors, restrooms, sky lights, air vents, evap coolers, heaters, security, and have the ability to be combined.Various Lease opportunities: ±3,600 - 5,200 SF within a commercial service multi-tenant complex on ±1.21 Acres between Fresno and Merced in Madera, CA. Offering a variety of warehouse spaces within an under-built market on reasonable lease terms. Great visibility, convenient parking & easy access to CA-99 on/off ramps. Many front parking spaces available and excellent existing corner signage. Suites offer multiple configurations and are setup to have a office/showroom, shop, and a common area parking lot. Spaces equipped w/ ample power, roll up doors, restrooms, sky lights, air vents, evap coolers, heaters, security, separate meters, and have the ability to be combined.

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Highlights

  • TEEN Cash-on-Cash Returns After Stabilized
  • Investment Opportunity: Leased Industrial Buildings
  • Long-Term Tenants | Low Turnover | Low Maintenance
  • ±44,165 SF On ±1.83 Acres w/ Ample Yard Area
  • Cash Cow To Produce $398K In Rents ($9/SF/YR)
  • Metal Construction - Well Maintained Buildings
  • Long Term Tenants w/ Upside Potential Via Leasing
  • Easy Access from Surrounding Major Corridors
  • Functional Warehouse Spaces | East To Rent
  • Requires Little Management or Maintenance (Metal Buildings)
  • Easy Access to Highway 99 On/Off Ramps
  • Excellent Existing Signage On 3 City Street Corners
  • Shop with Roll Up Doors + Fully Improved Yard Area
  • Ample Parking, Quality Tenants, & Great Exposure
  • Building Equipped w/ Evaporative Coolers & Heaters

Attachments

Getting around

  • 84/100

    Walk Score ®

  • 27/100

    Transit Score ®

  • 63/100

    Bike Score ®

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Location

  • City Madera, CA
  • Neighborhood Downtown Madera
  • Zip Code 93638
  • Market Central Valley

Points of Interest

  • 76

    0.18 miles

  • Arco

    0.26 miles

  • Chevron

    0.30 miles

  • Mann's Gasoline

    0.62 miles

  • Kwik Serve

    0.69 miles

  • Central Gas

    0.69 miles

  • Pacific Pride

    0.80 miles

  • Valero

    0.80 miles

  • Shell

    1.01 miles

  • Tesla Supercharger

    9.93 miles

  • Cheetah Express Car Wash

    1.13 miles

  • Burrito King

    0.10 miles

  • Papa Murphy's

    0.13 miles

  • El Epazote

    0.13 miles

  • Kebab Grill

    0.16 miles

  • Pita House

    0.25 miles

  • Cake Shop by Jill & Jill

    0.26 miles

  • Downtown Buffet

    0.32 miles

  • Carniceria Y Tacos Mexico

    0.42 miles

  • Mariscos Las Islitas

    0.62 miles

  • Casa de Tacos

    0.75 miles

In-Depth Research Available for this Property

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Contact Listing Broker

broker

Jared Ennis

KW Central California