Description

We are offering 401-610 North E St in Madera, California, for sale at $2,475,000, or about $56.04 per square foot. The property is a 44,165-square-foot multi-tenant industrial complex built in 1977 on approximately 1.83 acres. The site is zoned Commercial Service and carries Assessor's Parcel Number 007-054-008.

The complex has 20 separate spaces leased to 17 long-term tenants on industrial gross leases, with 91% occupancy and about $256,369 per year in rent collected. Leasing the two vacancies and moving leases to market could bring stabilized gross income to about $306,289, and up to $398,110 at full market rents. The metal buildings were renovated in 2023 and are well maintained, with ample yard area.

The property sits just southwest of N E Street between Central and E 3rd, between Fresno and Merced, with easy access to Highway 99. Madera is the county seat, and the market is short on small, easy-to-rent warehouse spaces. Madera is in Madera County, part of the Fresno metropolitan area. The well-maintained metal buildings have long-term tenants, low turnover and low maintenance, and the site offers convenient parking and access.

Jared Ennis and Kevin Land of Central CA Commercial represent this offering on behalf of ownership. We are glad to share the full offering memorandum, along with additional photos and property details, and to answer questions about the property and the surrounding area. Contact us to discuss the opportunity or to schedule a tour.