1400 Glenwood Ave Turlock, CA 95380
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Turlock Industrial Warehouse - $950K
Property size:
2,300 SFProperty Features for 1400 Glenwood Ave
General Information
- Property type
- Distribution properties
- Square Feet
- 2,300 SF
- Lot Size
- 48,787 SF
Building Details
- Year Built/Renovated
- 1975/3
- Buildings
- 1
- Stories
- 1
Listing Agency: Alliance Bay Realty Listing Agent: Albert Delacruz
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This 2,300 sq ft warehouse in Turlock, CA, presents a compelling owner-user opportunity. Located at 1400 W Glenwood Ave, this single-story, 1975-built building sits on a 1.12-acre lot (APN 050-010-054-000) and boasts recent renovations completed 3 months ago, including new asphalt paving and three new electrical posts. The property includes an adjacent parcel adding nearly 7,200 sq ft. Currently 100% occupied with a modified lease expiring August 31, 2024, at $5,500/month, the potential rental income is $7,500/month. The current NOI is $60,000, with a pro-forma NOI of $84,000, resulting in a 6.32% cap rate and a pro-forma cap rate of 8.84%. The property is zoned for industrial use (C1 and C2) and has city and fire department permits in effect until 2025. The manufacturing business license is also renewable. $280,000 in upgrades were recently completed. Buyer to verify zoning and permits. This move-in ready property offers significant upside potential for an industrial business. The asking price is $950,000, with a price per square foot of $413.04. Pavement grading is awaiting final public works review.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Orozco Pallets
Freight Service
Location Insight
- Map
- Local Demand
- City
- Turlock
- County
- Stanislaus
- State
- California
- Longitude
- -120.8622981
- Latitude
- 37.4795885
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FAQs
What type of property is this?
Distribution property - Turlock Industrial Warehouse - $950K
Where is this distribution property located?
The property is located at 1400 Glenwood Ave Turlock, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,300 SF warehouse on a 1.12-acre lot in Turlock, CA.; Recently renovated with $280,000 in upgrades including new asphalt paving and three new electrical posts.; Currently 100% occupied with a modified lease expiring August 31, 2024, at $5,500/month; potential rent of $7,500/month.
