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