213 Kelly StLodi, CA 95240

This exceptional investment opportunity presents a fully-leased, 120,255-square-foot industrial warehouse complex in Lodi, California. Situated on approximately 10 acres and strategically located in the heart of Lodi's thriving industrial market, the property enjoys immediate access to Highway 99. The complex comprises five main manufacturing buildings, currently 100% leased to Heartland Steel, a subsidiary of Heartland Steel Products, LLC, under a modified net lease extending to December 31, 2035. The tenant, Spacerak, a manufacturer of storage rack systems, utilizes the property as its sole West Coast manufacturing facility. Lodi's industrial market is exceptionally tight, with a vacancy rate consistently below 2%, serving the local wine, agriculture, manufacturing, and distribution sectors. The property offers a compelling 7.02% cap rate and an asking price of $15,200,000. Building features include packaged rooftop HVAC units at 213 Kelly Street, with wall-mounted units in other buildings' office areas (including new office HVAC). Roof types vary: low-slope white roof coating over a built-up roof (BUR) at 213 Kelly Street, and pitched corrugated metal deck roofs on the remaining buildings. This presents a rare opportunity to acquire a stable, high-performing industrial asset in a robust market. The property consists of four separate legal parcels.