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Property profile & analytics
OFF-MARKET Estimated value $17,765,000
Warehouses

401 Glenn Ave Modesto, CA 95358

204,801 SF 12.99 ac lot Built 2018
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US09-5460694
Property summary
AI-generated overview

This exceptional 204,801-square-foot industrial warehouse, located at 401 E Glenn Ave in Modesto, California, presents a significant opportunity for businesses seeking expansive space. Built in 2018, the property sits on a generous 12.89-acre lot and is zoned I-L. The warehouse boasts a 32-foot ceiling height, providing ample vertical storage capacity. Loading and unloading are facilitated by 36 loading docks and 6 drive-in doors, ensuring efficient operations. The property features robust power capabilities with 2,500 amps, 277/480v service. The entire 204,801 square feet is currently vacant, offering flexibility for a single large tenant or the potential for multiple tenants, with a minimum divisible space of 51,200 square feet. The maximum contiguous space available is the entire 204,801 square feet. The property's location in Stanislaus County (APN: 086-012-079) provides easy access to major transportation routes, making it an attractive location for distribution and logistics operations. This temperature-controlled facility is suitable for food-grade warehousing or manufacturing. This is a rare opportunity to acquire a large, modern, and well-equipped industrial space in a prime location.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2018
Construction TILT-UP CONCRETE
Total area 204,801 SF
Lot 12.99 ac (565,844 SF)
Zoning code M2
APN 086-012-081-000
UPID US09-5460694
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
  • Canopy growth USA llc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$22.88M
Blend (final) Blend
$17.77M
Owner & transaction history
Glenn Ave Industrial Owner LLC · 3 yrs held
Glenn Ave Industrial Owner LLC
since 2023
Last sale
$20.1M
6 recorded transactions
2023
Price N/A
2023
$20.1M
2022
Price N/A
2019
$17.4M
2017
$1.1M
2017
Price N/A
Zoning & alternative use
M2 · Modesto, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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