2777 State Hwy. 59 N,

Description

Building C is currently leased thru June of 2029 but tenant does not occupy and would like to either sub-lease or preferably do an assignment and a formal assumption of the Lease. Tenant's current rent is $43,714.99 (i.e., Base Rent $36,537.58 + NNNs $7,177.41). Base Rent has annual COLAs each July based upon the CPI but never less than 3% or more than 8%. Fully sprinklered 70,902 SF bldg. which breaks down as follows Main manufacturing space 55,110 SF (110' x 501') + Large office / Restrooms / Breakroom 3,024 SF (24' x 126') + Small office (Lab) 364 SF (12' x 32') + sprinklered canopies 12,384 SF. Has 8 truck trucks and 2 grade level doors and is 'flood proofed'. Has 3,000 AMP electrical service provided by MID (Merced Irrigation District) which is purportedly 50% less than PG & E. Adjacent Building 'D' is also available for lease. It is a fully sprinkered 98,299 SF concrete tilt-up with a minimum 24' clear height and contains 2 x 12,544 SF refrigerated walk-in boxes that can maintain 40 degrees constant temperature. It has 2,000 AMP service provided by MID. There are solar panels on the south facing gables of Bldgs. C and D that generate about 750 KW of power / month and the power feeds into Bldg. D's meter. If a tenant rents Bldg D then Landlord will charge Tenant 90% of MID's stated rate for the power produced by the solar panels. The panels are owned by the Landlord and will go with the properrty upon sale. The asking rent for Bldg. D is $.55/SF NNN and the NNNs are around $.10/SF. The entire property (i.e., 199,667+/- SF of buildings on 22.3 acres) is also for sale for $15,997,500 and OWNER WILL CONSIDER CARRYING WITH 30% DOWN AT 6.5% INTEREST WITH MONTHLY PAYEMENTS OF INTEREST ONLY FOR 10 YEARS.