401 E St Madera, CA 93638

This exceptional value-add investment opportunity presents a 44,165 square foot multi-tenant industrial complex situated on 1.83 acres in Madera, California. The property, comprised of six single-story buildings constructed in 1977 and renovated in 2023, features 20 units currently leased to 17 tenants at 91.15% occupancy. The complex boasts a strong net operating income (NOI) of $201,402, with a pro-forma NOI projected at $343,143 after lease stabilization and rent increases. The asking price is $2,475,000, representing a current cap rate of 8.14% and a pro-forma cap rate of 13.86%. Leases are gross, with built-in 3% annual rent bumps. The property includes 55 parking spaces and features 14-foot ceilings, roll-up doors, and evaporative coolers and heaters. Units range from 980 to 6,000 square feet, averaging 2,270 square feet, and offer flexible configurations suitable for various uses, including office/showroom, shop, and warehouse space. The property benefits from excellent visibility and convenient access to Highway 99. The zoning is Commercial Service, and the property is well-maintained with ample yard space. This investment offers significant upside potential through lease-up of vacant units and market rent adjustments. The property's strong tenant base, low maintenance requirements, and prime location make it an attractive opportunity for investors seeking substantial returns.