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Foundry Court Business Park | Ceres, CA 1920 Foundry Ct 37,441 SF 95% Leased Industrial Building Ceres, CA 95307 $9,327,777 CAD ($249.13 CAD/SF) 6% Cap Rate
Investment Highlights
- ±37,441 SF Two-Building Multi-Tenant Business Park; 21 Individual Condo Parcels; Ceres, CA (Modesto MSA)
- 95% Leased In-Place Income
- Immediate Hwy 99 Access & Central Valley Logistics Location
- Rare Condo-Divisible Exit & Value-Add Opportunity
- Record Low Vacancy In a Supply-Starved Submarket
- Versatile M-2 General Industrial Zoning
Executive Summary
±37,441 SF Two-Building Multi-Tenant Business Park | 21 Individual Condo Parcels | Ceres, CA (Modesto MSA)
Property Facts
| Price | $9,327,777 CAD | Lot Size | 2.03 AC |
| Price Per SF | $249.13 CAD | Rentable Building Area | 37,441 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6% | Year Built | 2007 |
| Property Type | Industrial | Parking Ratio | 1.07/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 10 |
| Zoning | M-2 | ||
| Price | $9,327,777 CAD |
| Price Per SF | $249.13 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.03 AC |
| Rentable Building Area | 37,441 SF |
| No. Stories | 1 |
| Year Built | 2007 |
| Parking Ratio | 1.07/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 10 |
| Zoning | M-2 |
Amenities
- Fenced Lot
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- My Best Home Care, Inc.
- Health Care and Social Assistance
- -
- $18.39 CAD
- Triple Net
- Jun 2028
- Rogers Machienry
- -
- -
- $11.60 CAD
- Modified Gross
- Apr 2023
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| My Best Home Care, Inc. | Health Care and Social Assistance | - | $18.39 CAD | Triple Net | Jun 2028 | |
| Rogers Machienry | - | - | $11.60 CAD | Modified Gross | Apr 2023 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,528,511 CAD | |
| Land Assessment | $574,663 CAD | Total Assessment | $3,103,174 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$574,663 CAD
Improvements Assessment
$2,528,511 CAD
Total Assessment
$3,103,174 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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Foundry Court Business Park | Ceres, CA | 1920 Foundry Ct
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