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2572 Kiernan Ave - KBP East - Future Development
9.81 Acres of Industrial Land Offered at $3,153,520 CAD in Modesto, CA 95356
Investment Highlights
- Income generating property with development potential
- Adjacent users within the park include the following; Kaiser Hospital, Memory Care, Independent Living, Marriott Residence Inn & Surgery Center.
- 100% occupied
Executive Summary
Financial Summary (Actual - 2021) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$119,406
|
$12,171.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$119,406
|
$12,171.91
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2021)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $119,406 |
| Annual Per AC | $12,171.91 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $119,406 |
| Annual Per AC | $12,171.91 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
1 Lot Available
Lot
| Price | $3,153,520 CAD | Lot Size | 9.81 AC |
| Price Per AC | $321,460 CAD |
| Price | $3,153,520 CAD |
| Price Per AC | $321,460 CAD |
| Lot Size | 9.81 AC |
Description
** Major Price Reduction ** The Subject Property contains a +/- 2,600 SF single family residential home, a +/- 6,000 SF metal warehouse, and +/- 7.8 acres of row crops. The SFR, warehouse and land are all currently under lease. The current income stream allows an astute developer to collect revenue while they masterplan the future development of the parcel. ** Warehouse Shipping Container and Modular Office are being sold separately, contact LA for details **
PROPERTY TAXES
| Parcel Number | 078-15-05 | Improvements Assessment | $538,940 CAD (2024) |
| Land Assessment | $541,419 CAD (2024) | Total Assessment | $1,080,360 CAD (2024) |
PROPERTY TAXES
zoning
| Zoning Code | Urban Transition |
| Urban Transition |
Presented by
Rand Commercial Properties
2572 Kiernan Ave - KBP East - Future Development
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