6.5% CAP Rate • NNN Industrial Investment | 2084 Lapham Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
6.5% CAP Rate • NNN Industrial Investment 2084 Lapham Dr
39,434 SF 100% Leased Industrial Building Modesto, CA 95354 £3,304,332 (£84/SF) 6.50% 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 | £3,304,332 | Rentable Building Area | 39,434 SF |
| Price Per SF | £84 | Number of Floors | 1 |
| Sale Type | Investment | Year Built | 1961 |
| Net Initial Yield | 6.50% | Parking Ratio | 0.5/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 24 ft |
| Property Subtype | Warehouse | Level Access Doors | 9 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 1.36 AC |
| Price | £3,304,332 |
| Price Per SF | £84 |
| Sale Type | Investment |
| Net Initial Yield | 6.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.36 AC |
| Rentable Building Area | 39,434 SF |
| Number of Floors | 1 |
| Year Built | 1961 |
| Parking Ratio | 0.5/1,000 SF |
| Clear Ceiling Height | 24 ft |
| Level Access Doors | 9 |
| Opportunity Zone |
Yes |
1 of 1
PROPERTY TAXES
| Parcel Number | 036-18-11 | Improvements Assessment | £812,796 |
| Land Assessment | £259,579 | Total Assessment | £1,072,375 |
PROPERTY TAXES
Parcel Number
036-18-11
Land Assessment
£259,579
Improvements Assessment
£812,796
Total Assessment
£1,072,375
zoning
| Zoning Code | M |
| M |
-
Randy High, Jr., CCIM -
Danny Price -
PMZ Commercial
1 of 23
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
6.5% 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.