880 S Beckman Rd
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880 S Beckman Rd
22,078 SF 9% Leased Industrial Building Lodi, CA 95240 £4,107,863 (£186/SF) 4.35% Net Initial Yield
Investment Highlights
- Clear Span Construction with Drive Through Access
- Wash Bay with Grease Trap
- Skylights & Gas Heat in Warehouse
- Oversized Grade Level Doors
- Large Paved/Fenced and Lit Yard Area with multiple points of ingress/egress
- DO NOT DISTURB TENANT | SHOWN BY APPOINTMENT ONLY
Executive Summary
OFFERING:
Lee & Associates – Central Valley, Inc. is pleased to offer this 100% leased investment opportunity for sale in the City of Lodi, CA, featuring 22,078± SF of total building improvements situated on 2 parcels of land totaling 3.85± Acres.
TENANT:
Liebherr USA, Co. (“Liebherr”) began operations in the U.S. in 1970. Leibherr provides customers with reliable products and services throughout the U.S. Liebherr officially opened the Lodi location in 2017 to provide technical assistance, field service, yard storage for consignment cranes, stock and replenish parts, perform equipment repairs, stock inventory for sale and deploy rental fleets. Leibherr has two product segments operating out of the Lodi facility, Mobile and Crawler Cranes and the Crawler Cranes and Deep Foundation Machines. This prime location approximately 84 miles west of San Francisco and approximately 36 miles south of Sacramento allows Liebherr to respond to customer inquires quicker and accelerate the distribution of parts and services in this region.
ECONOMIC DATA:
Sale Price: $5,250,000.00
Gross Income: $300,020.64
Operating Expenses: $71,582.00 **
NOI: $228,438.64
Cap Rate: 4.35%
Annual Increases: CPI or 3% max
Lease Type: Modified Gross
Lease Expiration: December 31, 2026
Options: One (1) - Five (5) year
**Property Tax adjusted @ 1.1% of Purchase Price
Lee & Associates – Central Valley, Inc. is pleased to offer this 100% leased investment opportunity for sale in the City of Lodi, CA, featuring 22,078± SF of total building improvements situated on 2 parcels of land totaling 3.85± Acres.
TENANT:
Liebherr USA, Co. (“Liebherr”) began operations in the U.S. in 1970. Leibherr provides customers with reliable products and services throughout the U.S. Liebherr officially opened the Lodi location in 2017 to provide technical assistance, field service, yard storage for consignment cranes, stock and replenish parts, perform equipment repairs, stock inventory for sale and deploy rental fleets. Leibherr has two product segments operating out of the Lodi facility, Mobile and Crawler Cranes and the Crawler Cranes and Deep Foundation Machines. This prime location approximately 84 miles west of San Francisco and approximately 36 miles south of Sacramento allows Liebherr to respond to customer inquires quicker and accelerate the distribution of parts and services in this region.
ECONOMIC DATA:
Sale Price: $5,250,000.00
Gross Income: $300,020.64
Operating Expenses: $71,582.00 **
NOI: $228,438.64
Cap Rate: 4.35%
Annual Increases: CPI or 3% max
Lease Type: Modified Gross
Lease Expiration: December 31, 2026
Options: One (1) - Five (5) year
**Property Tax adjusted @ 1.1% of Purchase Price
Property Facts
Amenities
- Fenced Lot
- Yard
- Monument Signage
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £704,205 | |
| Land Assessment | £663,889 | Total Assessment | £1,368,094 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£663,889
Improvements Assessment
£704,205
Total Assessment
£1,368,094
zoning
| Zoning Code | M (M- Industrial (City of Lodi)) |
| M (M- Industrial (City of Lodi)) |
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Darren McFadden -
Power Broker Jim Martin -
Lee & Associates
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880 S Beckman Rd
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