1725 W 16th St, Merced, CA, 95340

1725 W 16th St, Merced, CA, 95340 < >
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for sale
$1,650,000
Status:Active
MLS #:19072845
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 bldg on 3.3 acs (Zoned I-L). South 8,000 SF portion (i.e. 40' x 200') has a dock hi (heavy duty) raised wood floor & the balance is on a concrete dock. Multiple truck dock doors & drive-in ramps (to get trucks & equipment into the bldg) 6 tenants with monthly gross scheduled rents of $19,356 ($232,276 /yr) when 100% occupied. Based upon proforma rents property is listed at 7.1 GRM has a 10.12% Cap. Rate. Potential 70% LTV financing with a local bank's promotional package at 3.90% fixed for 5 years with a rate reset at 5 years & due in 10 years. Payments based upon 25 year amortization. When fully leased 1st year projected 18.55% cash on cash return, 1st Yr. Cash Flow Before Taxes + Principal Reduction = $125,798 and a Debt Cov

 
Interior Details
Air Conditioning: Other-RmksDoors: Roll Up
Heating: Other-RmksStories: 1 Story

Exterior Details
Exterior: MetalFloors: Carpet Partial, Concrete Slab, Linoleum/Vinyl, Wood Sub-Floor
Parking: UncoveredRoof: Metal

Community Information
Construction: SteelHandicap Features: Other-Attch
Location: Business Park, Freeway Exposure, Highway Exposure

Property Information From MLS Data
Amenities: Other-RmksZoning: I-L (Light Industrial)
Year Built: 0

Miscellaneous Information
Misc: Ceiling Height 12Ft+

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Monthly Payment for 1725 W 16th St
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$1,650,000
Down Payment:
Loan Amount:$1,320,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Steve Tinetti, Tinetti Realty


Information obtained from CAMETROLIST is current as of 2/23/2020 9:10 PM. 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.
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