Refrigerated Industrial
2773-2777 N State Highway 59, Merced, CA 95348
For Sale
Contact for pricing
A multi-building industrial property combines refrigerated space, distribution facilities, office areas, and room for future development.
Property Size200,000 SF
Lot Size22.30 Acres
Price / SF$79.99
Days on Market24
Property Features for 2773-2777 N State Highway 59
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Warehouse & Industrial
Dock-High Doors
Power
Sprinkler System
Cold Storage
Cold Storage Area
Cooler
Additional Details
Gross Income
Tenant in Place
Property Use
Building Details
Buildings
Tenancy
Listing Agency:
Tinetti Realty Group
Listed By:
Steve Tinetti · License #00475070
(209) 769-4898
Source:
Crexi
Added: Oct 17
Changed: Nov 8
Last Checked: Nov 8 at 2:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tinetti Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 22.3-acre industrial campus contains five principal buildings totaling approximately 194,207 square feet. Improvements include office and shop space, warehouse and manufacturing areas, distribution facilities, and refrigerated storage. Building D is a 98,239-square-foot concrete tilt-up facility with 24-foot clear height, 2,000-amp electrical service, and two cooler rooms totaling approximately 25,000 square feet. Building C adds 70,902 square feet, eight recessed truck docks, and 3,000-amp service. Buildings C and D offer approximately 169,000 square feet of contiguous space. The property also includes 8.27 acres of excess land, rooftop solar serving Buildings C and D, and flood-protection improvements.
Gated access is available from Highway 59 and Cooper Avenue. Electrical service is provided by Merced Irrigation District. Additional improvements include a 7,126-square-foot office building and a 2,400-square-foot metal shop, both built in 2021, along with a 15,540-square-foot sprinklered warehouse with 22-foot clear height and eight roll-up doors.
Gated access is available from Highway 59 and Cooper Avenue. Electrical service is provided by Merced Irrigation District. Additional improvements include a 7,126-square-foot office building and a 2,400-square-foot metal shop, both built in 2021, along with a 15,540-square-foot sprinklered warehouse with 22-foot clear height and eight roll-up doors.
Key Highlights
- Five primary buildings totaling approximately 194,207 square feet on 22.3 acres
- 8.27 acres of excess land available for development
- Buildings C and D provide approximately 169,000 SF of contiguous industrial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,299,581
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,991,620
$26.0M
Cap Rate 7%
$18,565,443
$18.6M
Cap Rate 9%
$14,439,789
$14.4M
Market Conditions
NOI Build-Up for 200,000 SF
Gross rent
$1.99M $9.96/SF
− Vacancy
−$135.5K −$0.68/SF
EGI
$1.86M $9.28/SF
− OpEx
−$557.0K −$2.78/SF
NOI
$1.30M $6.50/SF
Area
Merced County, CA
Vacancy
6.80%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,991,620
Cap Rate 7%
$18,565,443
Cap Rate 9%
$14,439,789
Alternative Uses
Best Use
Warehouse
$21.25M
$18.59M – $24.79M
NOI $1,487,507 @ 7.0% cap · market cap 9.30%
Second Best
Industrial
$18.57M
$16.24M – $21.66M
NOI $1,299,581 @ 7.0% cap · market cap 8.12%
Theoretical Best
Healthcare Medical
$44.13M
$38.61M – $51.48M
NOI $3,088,800 @ 7.0% cap · market cap 19.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
8
Dock-high doors
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 95348, CA
35,066
Population
12,173
Households
2.9
Avg Household Size
30
Median Age
19%
College-Educated
80%
High-School Grad
59.0 sq mi
ZIP Area
594
Density / Sq Mi
$63,618
Median Household Income
$40,171
Median Earnings
$1,498
Median Rent
$352,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - A multi-building industrial property combines refrigerated space, distribution facilities, office areas, and room for future development.
Where is this refrigerated & cold storage located?
The property is located at 2773-2777 N State Highway 59 Merced, CA.
What is the asking price?
The asking price for this property is $15,997,500.
What are key features of this property?
This property features: Five primary buildings totaling approximately 194,207 square feet on 22.3 acres; 8.27 acres of excess land available for development; Buildings C and D provide approximately 169,000 SF of contiguous industrial space
