Pearson Realty

22.34 acs. City Of San Joaquin Packing & Warehouse Facility

$3,950,000

San Joaquin, CA

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Status: For Sale
Acres: 22.34±
Price Per Acre: $176,813


Description

A packing/cold storage plant located in the heart of the San Joaquin Valley suitable for packing or processing vegetables, fresh fruit or nut crops. The facility can accommodate most businesses that have extensive storage requirements with it’s 200,000± sq. ft. of building improvements. The property is located within Fresno County’s Enterprise Zone, which provides tax credit incentives to businesses (up to $35,000 per new eligible employee over the next 5 years).The facility site consists of four separate and legal industrial parcels with multiple potential uses. The 22.34± acres of land will provide additional room for building expansion. The cold storage portion of the building complex has refrigeration hook-ups for portable compressors and condensers, but there are none included in a sale.


Location

The south side of W. Manning Avenue with frontage along S. Colusa Avenue, situated in the City of San Joaquin, CA. (Address: 21850 W. Manning Avenue, San Joaquin, CA 93660).


Legal

033-200-03s, 04s,12s, 13s, and 14s


Water

City of San Joaquin water and sewer.


Zoning

M-1, Light Industrial


Comments

There are two industrial leases with a total monthly income of $18,315.00 as described below: Wilber-Ellis - Leases 66,000 sq. ft. of warehouse space located at 21850 and 21800 W. Manning Avenue on Parcels #1 and #2. The lease expires on October 31, 2019. Sensient-Natural Ingredients - Leases the northeast office located at 21850 W. Manning Avenue. The lease expires on December 31, 2019 or earlier with a 30 day notice.

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