- Updated On:
- July 26, 2022
Presenting an incredible investment opportunity with amazing cap rate of 5.56%- An industrial/ commercial lot of land with two retail units constituting around 1.15 acres, located in Firebaugh, CA 93622.
The site consists of two 3000sqft buildings and provides easy access to major freeways. First building has a retail front. Second building has 6 roll-up doors with large exterior, covered, concrete work area. Buildings are connected with a doorway between them. Both buildings can accommodate a variety of future uses. Two tenants are with separate utility meters and have 3 phase power. There’s plenty of room for future development as with more than half the lot is undeveloped. Property is currently under lease with 6 years left on lease. The tenant is National A rated tenant which is a tractor sales, service and repair business.
The site is located on a busy corner with good visibility, Downtown Firebaugh between Highway 145 and Interstate 5. Property is 1 city block on high traffic road. It is 1 block from HWY 33 and approximately 15 miles from I-5.
This site definitely holds great potential in near future as it offers lots of space for future development and requires low maintenance, hence providing an interesting opportunity for investors.