1731 W 16th ST W Merced, CA 95348

45,176 m/l SF multi-tenanted warehouse building on 3.3 + acres (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. Bldg. has multiple truck dock doors and drive-in ramps to get vehicles and equipment from grade level into the bldg. Multiple tenants with monthly gross scheduled rents of $19,356 ($232.276 /year) when 100% occupied. Based upon prforma rents the property listed at 7.1 x Gross Annual Rents - 10.12% Capitalization 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, 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 usage with the City of Merced's - Planning Dept.). The northern 20,950 SF space (formerly VSI) is currently vacant and available for lease at $9,000 / month gross and 12,000 SF is vacant and available for lease at $5,400 / month gross. Co-listed with Ethan Smith - Newmark Pearson Realty (559) 287-0260 and Steve Tinetti - Tinetti Realty Group (209) 354-3838. LOCATED ADJACENT TO HWY. 99 ON RAMP AND N. HWY 59.