Gated-Access Distribution
For Sale
$15,997,500
2777 N State Highway 59, Merced, CA 95348
Large industrial campus with multiple building types, expansion acreage, and access from two roads.
Property Size199,667 SF
Lot Size22.30 Acres
Price / SF$80.12
Days on Market150
Property Features for 2777 N State Highway 59
General Information
Standard status
Active
Size
199,667 SF
Lot size
22.30 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Dock-High Doors
8
Cold Storage
Yes
Cold Storage Area
25,000 SF
Cooler
25,000 SF
Additional Details
Gross Income
$1,600,000
Building Details
Buildings
5
Tenancy
Multi
Listing Agency:
Tinetti Realty
Listed By:
Stephen G. Tinetti
3843885
Source:
Homesofgreatersacramento
Added: May 19
Changed: Oct 1
Last Checked: Oct 14 at 11:03PM
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
Investment Insights
Based on property information with market context.
This 22.3-acre industrial campus contains 199,667 square feet across five primary buildings supporting office, warehouse, manufacturing, refrigerated storage, and distribution uses. Building A includes a 7,126-square-foot office and a 2,400-square-foot metal shop completed in 2021. Building B provides 15,540 square feet, 22-foot clear height, sprinkler protection, and eight roll-up doors. Buildings C and D add approximately 169,000 square feet of contiguous industrial space, including truck docks, substantial electrical capacity, and refrigerated cooler rooms totaling approximately 25,000 square feet.
Gated entry is available from Highway 59 and Cooper Avenue. Approximately 8.27 acres remain available for future development or expansion. The property also includes rooftop solar serving Buildings C and D, along with flood protection improvements and electrical service from Merced Irrigation District. Existing leased areas and vacant space provide a combination of operating occupancy and immediate availability within the campus.
Gated entry is available from Highway 59 and Cooper Avenue. Approximately 8.27 acres remain available for future development or expansion. The property also includes rooftop solar serving Buildings C and D, along with flood protection improvements and electrical service from Merced Irrigation District. Existing leased areas and vacant space provide a combination of operating occupancy and immediate availability within the campus.
Key Highlights
- 199,667 SF industrial campus on 22.3 acres
- Five primary buildings spanning office, warehouse, manufacturing, refrigerated storage, and distribution uses
- Approximately 8.27 acres of excess developable land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,297,417
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,948,340
$25.9M
Cap Rate 7%
$18,534,529
$18.5M
Cap Rate 9%
$14,415,744
$14.4M
Market Conditions
NOI Build-Up for 199,667 SF
Gross rent
$1.99M $9.96/SF
− Vacancy
−$135.2K −$0.68/SF
EGI
$1.85M $9.28/SF
− OpEx
−$556.0K −$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%
$25,948,340
Cap Rate 7%
$18,534,529
Cap Rate 9%
$14,415,744
Alternative Uses
Best Use
Warehouse
$21.21M
$18.56M – $24.75M
NOI $1,485,030 @ 7.0% cap · market cap 9.28%
Second Best
Industrial
$18.53M
$16.22M – $21.62M
NOI $1,297,417 @ 7.0% cap · market cap 8.11%
Theoretical Best
Healthcare Medical
$44.05M
$38.55M – $51.39M
NOI $3,083,657 @ 7.0% cap · market cap 19.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
8
Dock-high doors
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Distribution center - Large industrial campus with multiple building types, expansion acreage, and access from two roads.
Where is this distribution center located?
The property is located at 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: 199,667 SF industrial campus on 22.3 acres; Five primary buildings spanning office, warehouse, manufacturing, refrigerated storage, and distribution uses; Approximately 8.27 acres of excess developable land
