Description

1027 West Murray Avenue is a multi-tenant flex and light industrial property for sale in Downtown Visalia, CA. The 7,000 SF building has four units, with 2,450 SF of space on offer, giving a buyer an investment with space to position for occupancy.

Industrial functionality is central to the Property. An 18' clear height, four grade-level doors and 200 amps, 3 phase power support a range of light industrial layouts. The ground-level roll-up doors measure 12' x 14', while the warehouse has an evaporative cooler and heater. Office and showroom space has HVAC, and a private parking lot serves the building. The available space pairs an open warehouse with a reception area, private office and restroom, giving a prospective occupier both work space and a customer-facing entry.

The Property sits on Murray Avenue in Downtown Visalia, north of Highway 198 and Main Street, between Giddings Street and Jacob Street. Access to CA-198 connects the address to the wider area, while its Murray Avenue position gives the building a presence for businesses that serve customers as well as those using warehouse space. The 0.34 acres of land, CSO: Commercial Service zoning and APN 093-245-005 establish the parcel behind the offering.

At an asking price of $849,000, or $121.29 PSF, the Property presents a 5.44% cap rate and $46,226 NOI. The rent-roll total of $69,048 annually gives investors another income figure alongside the building’s unit configuration and the 2,450 SF on offer. For a buyer weighing existing income against the space on offer, the combination of separate units and industrial specifications is the central investment story.