1725-1731 W 16th St
Merced, CA 95340

Sold $1,300,000 Sold on 5/19/2020
  • Status Closed
  • Industrial
  • MLS# 19072845

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Steve Tinetti

LIC# 00475070

Tinetti Realty Group

(209) 354-3838

More property info for 1725-1731 W 16th St

Property Description
  • 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 Coverage Ratio of 2.35. Property potentially eligible for cannabis related businesses (Interested party should verify with the City.
Interior Details
  • # of Elevators: 0
  • # of Floors: 0
  • # of Offices: 0
  • # of Restrooms: 0
  • Building Features: See Remarks, 12Ft+ Ceilings
  • Flooring: Carpet, Concrete Slab, Wood Sub-Floor, Linoleum/Vinyl
  • Industrial SqFt: 0
  • Minimum Available SqFt: 0
  • Net Rentable SqFt: 0
  • Office SqFt: 0
  • Retail SqFt: 0
  • Space 1 - Unit SqFt: 0
  • Space 2 - Unit SqFt: 0
  • Space 3 - Unit SqFt: 0
  • Space 4 - Unit SqFt: 0
  • Square Footage: 0
  • Stories: 1
  • Tenant SqFt: 0
  • Warehouse SqFt: 0
Exterior Details
  • # of Buildings: 1
  • # of Truck Doors: 0
  • Dock Doors: 0
  • Loading: Drive-In, Load Leveler, Loading Dock, Roll Up Door
  • Parking Features: Uncovered
  • Parking Ratio: 0.00
  • Road Frontage: Freeway Exposure, Highway Exposure
  • Roof: Metal
  • Total Parking Spaces: 0
  • Total Units: 6
Community Information
  • # of Tenants: 6
  • APN: 059-051-003
  • County: Merced
  • Cross Street: North Hwy. 59
  • Directions to Property: Located approximatley 500' west of intesection of North Hwy. 59 and West 16th Street
  • Location: Business Park
  • Zoning: I-L (Light Industrial)
Property Information From MLS Data
  • Accessibility Features: Other
  • Construction Materials: Metal, Steel
  • Floor #: 0
  • Green Verification Year: 0
  • Parking Clearance Height (ft): 0
  • Parking Clearance Height (in): 0
  • Percent Office: 0
  • Property Subtype: Industrial
  • Sewer: Public Sewer
  • Special Listing Conditions: None
  • Tenant Allow/Fixed: 0.00
  • Tenant Allow/SqFt: 0
  • Year Built: 0
  • Year Renovated: 0
Financial Information
  • Cost Per SqFt: 0.00
  • Maximum Lease (Yrs): 0
  • Minimum Lease (Yrs): 0
  • Owner Pays: See Remarks
  • Space 1 - # Yr Lease: 0
  • Space 1 - $ / SqFt: 0.00
  • Space 2 - # Yr Lease: 0
  • Space 2 - $ / SqFt: 0.00
  • Space 3 - # Yr Lease: 0
  • Space 3 - $ / SqFt: 0.00
  • Space 4 - # Yr Lease: 0
  • Space 4 - $ / SqFt: 0.00
  • Tenant Pays: Electricity, Gas, Individual Meters, Trash Collection
Utilities
  • Cooling: See Remarks
  • Heating: See Remarks
  • Water Source: Public
Listing Office
  • Listing Agent Name: Stephen G Tinetti
  • Listing Office Name: Tinetti Realty

1725-1731 W 16th St Map Location

1725-1731 W 16th St, Merced, CA 95340
Listing courtesy of Tinetti Realty

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