Large-Scale Agricultural Site | 2920A Foster Ave
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Large-Scale Agricultural Site 2920A Foster Ave
418,000 SF 100% Leased 4-Star Industrial Building Arcata, CA 95521 For Sale
Investment Highlights
- 418,320± SF building with 48,000± SF of non-food-grade cold storage
- Several established tenants including major farming operations & a solar farm
- Ample water on-site with 400 GPM capabilities
- Adjacent to Arcata city limits, allowing for development potential
- Has transferable H-2B permit
- 600,000± gallon fire mitigation tank
Executive Summary
LENDER DIRECTS IMMEDIATE SALE
Sold Via Assignment for the Benefit of Creditors
Offer Deadline: March 11 by 5:00 p.m. (PT)
On-Site Inspections: By Appointment Only, Call to Schedule
Hilco Real Estate Sales and Murray Wise Associates are pleased to offer this former tulip farm with ample redevelopment opportunities, currently leased to a variety of good credit tenants. Situated at the edge of Arcata, CA, within Humboldt County’s jurisdiction, this property provides users or developers with multiple opportunities, including continuing leasing it to various tenants, utilizing it for their own operations or redeveloping it entirely.
The property consists of a 418,000± SF industrial building, 48,000± SF of which is non-food-grade cold storage, on 191 ± AC of land. Currently, 30 AC of land is leased to Driscoll’s Berries, 25 AC to First Power Solar and portions of the industrial building are leased to Sierra Madre Mushrooms and Driscoll's Berries.
The property has excellent connectivity for shipping purposes, as it is located one and a half miles from U.S. 101 and nine and a half miles from the Arcata–Eureka Airport. The Port of Humbolt Bay is also less than an hour away, allowing access to Northern California’s only deepwater port. Future owners or investors can take advantage of this bank-directed sale to establish a new operation or capitalize on existing leases.
Hilco Real Estate CA, Inc. License ID #02104676, in cooperation with Assignee Steven M. Spector.
Sold Via Assignment for the Benefit of Creditors
Offer Deadline: March 11 by 5:00 p.m. (PT)
On-Site Inspections: By Appointment Only, Call to Schedule
Hilco Real Estate Sales and Murray Wise Associates are pleased to offer this former tulip farm with ample redevelopment opportunities, currently leased to a variety of good credit tenants. Situated at the edge of Arcata, CA, within Humboldt County’s jurisdiction, this property provides users or developers with multiple opportunities, including continuing leasing it to various tenants, utilizing it for their own operations or redeveloping it entirely.
The property consists of a 418,000± SF industrial building, 48,000± SF of which is non-food-grade cold storage, on 191 ± AC of land. Currently, 30 AC of land is leased to Driscoll’s Berries, 25 AC to First Power Solar and portions of the industrial building are leased to Sierra Madre Mushrooms and Driscoll's Berries.
The property has excellent connectivity for shipping purposes, as it is located one and a half miles from U.S. 101 and nine and a half miles from the Arcata–Eureka Airport. The Port of Humbolt Bay is also less than an hour away, allowing access to Northern California’s only deepwater port. Future owners or investors can take advantage of this bank-directed sale to establish a new operation or capitalize on existing leases.
Hilco Real Estate CA, Inc. License ID #02104676, in cooperation with Assignee Steven M. Spector.
Property Facts
| Sale Type | Investment or Owner User | Rentable Building Area | 418,000 SF |
| Property Type | Industrial | Number of Floors | 1 |
| Building Class | B | Year Built | 2020 |
| Lot Size | 191.30 AC | Clear Ceiling Height | 45 ft |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 191.30 AC |
| Rentable Building Area | 418,000 SF |
| Number of Floors | 1 |
| Year Built | 2020 |
| Clear Ceiling Height | 45 ft |
Amenities
- Cooler
- Storage Space
PROPERTY TAXES
| Parcel Number | 506-231-020-000 | Improvements Assessment | £238,744 |
| Land Assessment | £39,850 | Total Assessment | £278,594 |
PROPERTY TAXES
Parcel Number
506-231-020-000
Land Assessment
£39,850
Improvements Assessment
£238,744
Total Assessment
£278,594
zoning
| Zoning Code | Agricultural, Industrial (Flexible zoning) |
| Agricultural, Industrial (Flexible zoning) |
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Large-Scale Agricultural Site | 2920A Foster Ave
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