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222 & 248 E. Kettleman Lane Lane

24,502 SF Vacant Industrial Building Lodi, CA 95240 £4,858,561 (£198/SF) 4.22% Net Initial Yield

Investment Highlights

  • 248 E. Kettleman features a functional clear-span building
  • Skylights
  • 24’ wide GL doors with an RV dump station
  • Drive through access
  • Gas heat in warehouse
  • SHOWN BY APPOINTMENT ONLY | DO NOT DISTURB TENANTS

Executive Summary

OFFERING:
Two parcels (3.55± Acres and 2.51± Acres) currently leased short term to two tenants. Fully fenced, paved, lighted yard and
functional 24,502± square foot metal shop building. Ideal owner/user for all or part of the property. These properties can be sold together or independently.
ECONOMIC DATA:
Sale Price: $6,150,000.00
NOI: $259,487.88 ($118,656 @ 222 E. Kettleman Lane and $140,831.88 @ 248 E. Kettleman Lane)
Cap Rate: 4.2%
Annual Increases: 3% ($122,215.68 on 1/1/2025 @ 222 E. Kettleman Lane)
Lease Type: NNN
Lease Expiration: 222 E. Kettleman: 12-31-2025; 248 E. Kettleman: 10-31-2024
Options: None
Tenants: 222 E. Kettleman - Lodi Park & Sell | 248 E. Kettleman - Custom Design Manufacturing

Attachments

Kettleman Ln - 222-248

Property Facts

Price £4,858,561 Rentable Building Area 24,502 SF
Price Per SF £198 Number of Floors 1
Sale Type Investment or Owner User Year Built 1978
Net Initial Yield 4.22% Clear Ceiling Height 20 ft
Property Type Industrial Level Access Doors 14
Property Subtype
Showroom
  • General Retail Auto Dealership
  • General Retail Auto Repair
  • Industrial Service
 Cross Streets Stockton Street
Lot Size 6.06 AC
Price £4,858,561
Price Per SF £198
Sale Type Investment or Owner User
Net Initial Yield 4.22%
Property Type Industrial
Property Subtype
Showroom
  • General Retail Auto Dealership
  • General Retail Auto Repair
  • Industrial Service
Lot Size 6.06 AC
Rentable Building Area 24,502 SF
Number of Floors 1
Year Built 1978
Clear Ceiling Height 20 ft
Level Access Doors 14
Cross Streets Stockton Street

Amenities

  • Fenced Lot
  • Yard
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 062-060-03
  • 062-060-46
 Improvements Assessment £796,423
Land Assessment £259,205 Total Assessment £1,055,628

PROPERTY TAXES

Parcel Numbers
Multiple
  • 062-060-03
  • 062-060-46
Land Assessment
£259,205
Improvements Assessment
£796,423
Total Assessment
£1,055,628

zoning

Zoning Code GC (General Commercial (City of Lodi))
GC (General Commercial (City of Lodi))
(209) 983-6821

  • Listing ID: 31892862

  • Date on Market: 22/05/2024

  • Last Updated:

  • Address: 222 & 248 E. Kettleman Lane Lane, Lodi, CA 95240

The Industrial Property at 222 & 248 E. Kettleman Lane Lane, Lodi, CA 95240 is currently available For Sale. Contact Lee & Associates for more information.

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222 & 248 E. Kettleman Lane Lane

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Darren McFadden

(209) 983-6821

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Jim Martin

(209) 983-4088

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