1725 16th Street, Merced, CA, 95348

1725 16th Street, Merced, CA, 95348 < >
for sale
$1,975,000
Status:Active
MLS #:MC18023395
Date Updated:
For information contact:
Steve Tinetti
209-354-3838
LIC# 00475070
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Go See This Property
45,176 m/l SF multi-tenanted metal warehouse building located on 3.3 acre parcel and zoned I-L (LIGHT INDUSTRIAL). The southern 8,000 SF portion (i.e. 40' x 200') has a dock high (heavy duty) raised wood floor and the balance of the building is on a concrete dock. Multiple tenants with monthly gross scheduled rents of $21,933 ($263,070 / year). Property listed at 9.33 x Gross Annual Rents & Cap Rate of 7.77%. NOTE THAT THE PROPER-TY LINE ON THE WEST SIDE OF THE PROPERTY IS AT OR VERY CLOSE TO THE WEST WALL OF THE BUILDING (I.E. THE RAILROAD STILL OWNS THE LAND UNDERNEATH THE ABANDONED RAIL SPUR). Storm drainage basin to the north of the Merced Mini-Storage is on the subject property and services the subject property, the Merced Mini-Storage property to the east and the Miles Business Park to the west. All three properties share the expense of maintaining the common storm drainage system that services all three properties.

 
Exterior Details
Roof: Barrel, Metal

Community Information
County Or Parish: MercedDirections: From Hwy 99 go north on V street turn left (west) on 16th first driveway beyond stop sign(Hwy 59)

Property Information From MLS Data
Number Of Buildings: 1Property Sub Type: Industrial
Zoning: I-L

Utilities
Utilities: Cable Available, Natural Gas Available, Phone AvailaWater Source: Public

Listing Information Courtesy of:
List Agent First Name: Steve
List Agent Last Name: Tinetti
List Office Name: Tinetti Realty Group

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Monthly Payment for 1725 16th Street
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$1,975,000
Down Payment:
Loan Amount:$1,580,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Information obtained from CACRMLS is current as of 12/13/2018 5:34 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.