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 80% occupancy with actual rents of $245,801/year collected plus upside potential. After leasing vacancies/extending leases ($96,757/year) and addressing unpaid units ($60,494/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 $360,945/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. (10) tenants are at market rents w/ 3% increases per annum thru 2027-2028. The value-add opportunity consists of leasing (2) vacancies of 8,916 SF, increasing rent and extending lease length on (4) leases with 1-year remaining, and simply extending (1) existing market-rate tenant when their leases expire over the next year. 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.