1617 S Yosemite Ave - Warehouse FOR SALE


Oakdale, CA 95361
$2,910,000 USD
209-483-5969
1617 S Yosemite Ave, Oakdale, CA for Sale
$2,910,000 USD
Warehouse - FOR SALE
1/17
null | 6.4% Cap Rate

1617 S Yosemite Ave
Oakdale, CA 95361


HIGHLIGHTS

  • Recently Executed a New 10-Year NNN Lease, Providing Long-Term Stable Cash Flow and Minimal Management Responsibilities.
  • FISHBIO Is a Reputable Environmental Consulting Firm Specializing in Aquatic Research and Resource Management, With Operations in California and Asia.
  • Tenant Has Heavily Invested in the Property Since Purchasing It in 2014 to Serve as Its Corporate Headquarters and Has Maintained the Facility.
  • Benefits From Its Position Within the Growing and Accessible Central Valley Industrial Market, in a Submarket Where Vacancy Currently Stands at 0.3%.

OVERVIEW

Marcus & Millichap is pleased to present the exclusive offering of 1617 S Yosemite Avenue in Oakdale, California—a premier single-tenant net-leased (STNL) industrial investment opportunity in California’s Central Valley. The property is being offered as a sale-leaseback by the owner and tenant, FISHBIO, which recently executed a new 10-year triple-net lease. FISHBIO originally acquired the building in 2014 to serve as its corporate headquarters and has since made substantial capital improvements to the facility. The company is a recognized leader in aquatic research, conservation, and natural resource management, with additional offices in Chico, CA, and Southeast Asia.

FOR SALE DETAILS

PRICE

$2,910,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

UTILITIES

Gas

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.85

LAND SF

80,586

ZONING

M-2

APN/PARCEL ID

064-62-02

ASK ABOUT THIS PROPERTY

Abdullah SulaimanMarcus & MillichapMore Info
209-483-5969

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Abdullah SulaimanMarcus & MillichapMore Info
209-483-5969

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.