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    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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    Owner & transaction history
    HYWAY 59 PROPERTIES
    HYWAY 59 PROPERTIES
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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