2401 Almond Ave Madera, CA 93637-4807

This exceptional investment opportunity presents a 157,500± square foot office/warehouse building situated on 14.15± acres in Madera, California. The property, built in 1990 and renovated in 2001, boasts a 100% occupancy rate with a lease expiring March 1st, 2024. The building features four dock-high doors and ceiling heights ranging from 16 to 24 feet, catering to diverse industrial needs. The property benefits from a robust 8,000 AMPS/480V electrical service and a substantial 1.038 MW solar energy system, significantly reducing operational costs. Zoned IP, this multi-tenant NNN-leased property offers a strong NOI of $1,323,000 and an attractive 7.11% cap rate at an asking price of $18,600,000. Its prime location within an established industrial park provides easy access to major transportation arteries, including Highway 99. Nearby businesses include EVAPCO, Sierra Almonds, Rivalis/Eurodrip, Madera Unified School District, and Sealed Air Corp. The property's air conditioning, full build-out, and potential for further development on the vacant parcel present significant value-add opportunities for the discerning investor. APN: 009-270-056; 057; 058.