SALE PRICE: $550,000 PRICE PER SF: 38.19 CAP RATE: 9.5% NOI: $52,260 LOT SIZE: 0.61 Acres BUILDING SIZE: 14,400 SF ZONING: Commercial Service PROPERTY FEATURES Nice Office/Warehouse Spaces in Madera, CA Shop with Roll Up Doors Yard Area Ample Parking, Quality Tenants, & Great Exposure Building Equipped w/ Evaporative Coolers & Heaters Flexible Zoning That Allows Many Uses - Large Parking Area Great Signage & Exposure Frontage on North "E" Street MARKET: SUB MARKET: CROSS STREETS: Central Madera Downtown Commercial Service E Central Avenue
PROPERTY OVERVIEW Multi-tenant commercial service building located just off Highway 99 between Fresno and Merced in Madera, CA. Excellent owner/user with passive income or investment through leasing the vacancies and stabilizing existing tenants. Well located industrial building with multiple configurations totaling a ±14,400 SF with a yard area on a ±26,528 SF lot (0.61 Acres). Multiple configurations available including a showroom, shop, and fenced yard area. Spaces are equipped with plenty of power, ground level roll up doors, restrooms, sky lights, air vents, evaporative coolers, heaters, and security. All spaces are separately metered and have the ability to be combined. LOCATION OVERVIEW This property is located just SW of N E Street and 1st Street in Madera, CA.
TENANT NAME UNIT NUMBER UNIT SIZE (SF) LEASE START LEASE END ANNUAL RENT % OF BUILDING VACANT 100 3,038 21.1 Madera Rocks 102 2,940 Month to Month $10,800.00 20.42 Madera Pool and Patio 104 980 Month to Month $6,000.00 6.81 Dolphin Taxi Cab 106 1,960 Month to Month $5,400.00 13.61 VACANT 108 1,960 13.61 VACANT 110 965 6.7 Madera Auto Tires & Repair 112 2,580 Month to Month $13,200.00 17.92 TOTALS/AVERAGES 14,423 $35,400
INCOME SUMMARY PER SF #100 (Available) $16,800 $1.17 #102 Madera Rocks $10,800 $0.75 #104 Madera Pool and Spa $6,000 $0.42 #106 Dolphin Taxi Cab $5,400 $0.38 #108 (Available) $10,800 $0.75 #110 (Available) $5,400 $0.38 #112 Madera Auto Tires & Repair $13,200 $0.92 GROSS INCOME $68,400 $4.75 EXPENSE SUMMARY PER SF Taxes: $6,600 $0.46 Insurance: $2,700 $0.19 GROSS EXPENSES $9,300 $0.65 NET OPERATING INCOME $52,260 $3.63
INVESTMENT OVERVIEW Price $550,000 Price per SF $38.19 CAP Rate 9.5% Proposed Loan Cash-on-Cash Return (yr 1) 16.11 % Proposed Loan Total Return (yr 1) $35,109 Proposed Loan Debt Coverage Ratio 2.04 OPERATING DATA Gross Scheduled Income $68,400 Vacancy Cost (10%) $6,840 Gross Income $61,560 Operating Expenses $9,300 Net Operating Income $52,260 Proposed Loan Pre-Tax Cash Flow $26,581 FINANCING DATA Proposed Loan Down Payment $165,000 Proposed Loan Amount $385,000 Proposed Loan Debt Service $25,679 Proposed Loan Debt Service Monthly $2,139 Proposed Loan Principal Reduction (yr 1) $8,528
POPULATION 1 MILE 2 MILES 3 MILES TOTAL POPULATION 19,669 50,505 64,528 MEDIAN AGE 27.3 26.8 27.1 MEDIAN AGE (MALE) 26.1 25.1 25.3 MEDIAN AGE (FEMALE) 28.6 28.4 28.7 HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES TOTAL HOUSEHOLDS 5,078 13,204 17,033 # OF PERSONS PER HH 3.9 3.8 3.8 AVERAGE HH INCOME $42,231 $46,023 $48,352 AVERAGE HOUSE VALUE $318,546 $318,272 $317,549 RACE 1 MILE 2 MILES 3 MILES % WHITE 77.6% 79.0% 79.2% % BLACK 3.6% 3.3% 3.4% % ASIAN 0.8% 1.4% 1.6% % HAWAIIAN 0.2% 0.1% 0.1% % INDIAN 1.5% 1.1% 1.0% % OTHER 12.8% 12.2% 12.1% ETHNICITY 1 MILE 2 MILES 3 MILES % HISPANIC 81.1% 79.3% 77.1% * Demographic data derived from 2010 US Census