Log In/Sign up
Your email has been sent.
7% CAP Rate • NNN Industrial Investment 2084 Lapham Dr 39,434 sq ft 100% Let Industrial Property Modesto, CA 95354 £2,803,725 (£71.10/sq ft) 7.50% Net Initial Yield
EXECUTIVE SUMMARY
Rare opportunity to invest in a well-maintained, clear-span concrete tilt-up
industrial building in a thriving market. This is an ideal 1031 exchange
opportunity. The property is situated on Lapham Drive in the
Beard Industrial District, Modesto’s premier industrial area. Built in 1961,
the building is ± 39,434 SF on a ± 1.36 AC lot, as per Stanislaus County
records.
The property features two units. Ryan Herco Inc., a national tenant with
over 35 service locations across the country, occupies ± 20,000 SF. They
have been long-term tenants and recently extended their lease. Their unit
includes 2,900 SF of office space, three (3) restrooms, 120-480V power
supply, ± 24' clearance, and four (4) grade-level roll-up doors.
Pacific Warehouser, recently signed a new five (5) year lease and
occupies ± 19,343 SF. Their space includes a small office, two (2)
restrooms, and three (3) grade-level doors.
industrial building in a thriving market. This is an ideal 1031 exchange
opportunity. The property is situated on Lapham Drive in the
Beard Industrial District, Modesto’s premier industrial area. Built in 1961,
the building is ± 39,434 SF on a ± 1.36 AC lot, as per Stanislaus County
records.
The property features two units. Ryan Herco Inc., a national tenant with
over 35 service locations across the country, occupies ± 20,000 SF. They
have been long-term tenants and recently extended their lease. Their unit
includes 2,900 SF of office space, three (3) restrooms, 120-480V power
supply, ± 24' clearance, and four (4) grade-level roll-up doors.
Pacific Warehouser, recently signed a new five (5) year lease and
occupies ± 19,343 SF. Their space includes a small office, two (2)
restrooms, and three (3) grade-level doors.
PROPERTY FACTS
| Price | £2,803,725 | Net Internal Area (NIA) | 39,434 sq ft |
| Price per sq ft | £71.10 | No. Floors | 1 |
| Sale Type | Investment | Year Built | 1961 |
| Yield | 7.50% | Parking Allocation | 0.5/1,000 sq ft |
| Property Type | Industrial | Eaves Height | 24 ft |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 9 |
| Costar Property Class | B | Opportunity Zone |
Yes
|
| Total Plot Size | 1.36 ac | ||
| Use Class | M | ||
| Price | £2,803,725 |
| Price per sq ft | £71.10 |
| Sale Type | Investment |
| Yield | 7.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Total Plot Size | 1.36 ac |
| Net Internal Area (NIA) | 39,434 sq ft |
| No. Floors | 1 |
| Year Built | 1961 |
| Parking Allocation | 0.5/1,000 sq ft |
| Eaves Height | 24 ft |
| No. Drive In / Grade-Level Doors | 9 |
| Opportunity Zone |
Yes |
| Use Class | M |
1 1
PROPERTY TAXES
| Parcel Number | 036-18-11 | Improvements Assessment | £797,250 |
| Land Assessment | £254,613 | Total Assessment | £1,051,863 |
PROPERTY TAXES
Parcel Number
036-18-11
Land Assessment
£254,613
Improvements Assessment
£797,250
Total Assessment
£1,051,863
1 of 24
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
7% CAP Rate • NNN Industrial Investment | 2084 Lapham Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.