Value-Add Industrial Investment: ±44,165 SF commercial service multi-tenant complex on 1.83 Acres (79,606 SF) between Fresno and Merced in Madera, CA. Offers (20) economical separate spaces leased to (17) long-term tenants on AIR Industrial Gross leases. Value-add opportunity of 91% occupancy with actual rents of $256,369/year collected plus upside potential. After leasing (2) vacancies ($34,929/year) and extending leases to market rates ($106,811/year), the realistic 6-12 month stabilized gross annual income is $306,289. Further rent growth by stabilizing the under-market units provide increased gross income of $398,110/year at full market rents. Unique investment offering easy-to-rent warehouse spaces within an under-built market offering a strong need for these type of spaces. Once stabilized, the deal offers TEEN cash-on-cash returns when leveraged. Great visibility, convenient parking, fenced yards, existing corner signage, & easy access to CA-99 on/off ramps connecting to I-5. #401-425 N "E" St totals 29,635 SF on 3 APN's offering (13) units with (17) rollup doors; #610 N "E" St totals 14,286 SF offering (7) units with (14) rollup doors. (7) tenants (C-S, D, F-P, 425, &112) are near market rents w/ 3% increases per year. The value-add opportunity consists of leasing (2) vacancies of 3,881 SF and increasing rent and extending lease length on (5) leases with less than 1-year remaining. Multiple configurations ranging from ±980 SF up to ±6,000 SF with an average of ±2,,270 SF units. Setup to have a office/showroom, shop, and fenced yard. Equipped w/ ample power, roll up doors, restrooms, sky lights, air vents, evap coolers, heaters, security, and have the ability to be combined. Located just SW of N "E" St between Central & E 3rd. Madera is the county seat with the city and county population at 65,508 and 156,890, respectively. Located in the San Joaquin Valley, Madera is the principal city of the Madera–Chowchilla Metropolitan Area, which encompasses all of Madera County, and Fresno. Within the city, CA-99 carries traffic in a north/south orientation. East of the city, CA-41 can be accessed via county roads, or via CA-145.