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Property profile & analytics
OFF-MARKET
Industrial properties

2777 State Hwy 59 Merced, CA 95348-4346

18.74 ac lot
Entity Owned 14-yr Hold Absentee Owner Free & Clear
Property ID
US09-1416126
Property summary
AI-generated overview

This expansive 98,239-square-foot warehouse in Merced, CA, presents a significant opportunity for businesses seeking ample space and strategic location. The single-story, 1970-built structure boasts a 24-foot ceiling height (up to 40 feet between trusses in the center), offering substantial vertical storage capacity. The building features two loading docks with two dock-high doors and five drive-in doors, ensuring efficient loading and unloading operations. Inside, the warehouse includes two 12,544-square-foot refrigerated walk-in boxes capable of maintaining 40° temperatures, and a 1,200-square-foot two-story office. A 1,113-square-foot sprinklered canopy covers the double recessed exterior truck dock. Men's and women's restrooms (486 square feet) are conveniently located within the building. The property sits on a 22.3-acre parcel, fully fenced with two electronic gates for secure access from Highway 59 and Cooper Avenue. The property is zoned I-H (Heavy Industrial) and is well-suited for a cannabis-related business (prospective tenants should verify with local authorities). A 2,000-amp electrical panel, serviced by Merced Irrigation District Electric Utility Company (MID), offers substantial cost savings compared to PG&E rates. The landlord provides free high-speed internet. Additional acreage is available for potential build-to-suit projects. The property's proximity to the proposed Altamont Corridor Express Train (ACE Train) maintenance yard adds further value. Long-term lease rates (5+ years) start at $0.55 per square foot NNN, except for cannabis-related businesses, which start at $0.60 per square foot NNN. NNN expenses are approximately $0.10 per square foot per month.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 18.74 ac (816,314 SF)
APN 059-450-056
UPID US09-1416126
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lewis Linda A Medical Clinic
  • Frito-Lay Distribution Center Logistics Company
  • Mauser USA LLC - Fiber Drum Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
HYWAY 59 PROPERTIES
HYWAY 59 PROPERTIES
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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